The IRS sought to clarify and expand existing standards for capitalization of specific expenses associated with property and provide some bright-line tests for applying the standards. The document is HUGE. Will have to put a pin in this until after tax season!
http://www.federalregister.gov/articles/2011/12/27/2011-32024/guidance-regarding-deduction-and-capitalization-of-expenditures-related-to-tangible-property
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