Re: Wabash Rebuilt War Emegency Hopper


Brian J Carlson <brian@...>
 

Thanks Tony, That is what I was thinking of, the removal of the tax
advantage.

Brian J Carlson P.E.
Cheektowaga NY


It was certainly allowed. What was DISallowed was the previous
tax practice of treating the work as "repair," when in fact a like-new
car was created: thus the work had to be re-capitalized, not written
off as repairs.
This removed much of the tax advantage of rebuilding, and it's
true that many roads cut way back on, or eliminated, rebuilding of the
type that extensively renewed the car.

Join main@RealSTMFC.groups.io to automatically receive all group messages.