Discussion:$400,000 rental home, $8,000 spent on roof.
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Discussion Forum Index --> Basic Tax Questions --> $400,000 rental home, $8,000 spent on roof.
Discussion Forum Index --> Tax Questions --> $400,000 rental home, $8,000 spent on roof.
Jglover1978 (talk|edits) said: | 26 February 2009 |
| A case from 2003:
And socially, I feel I played a pretty good poker hand. I was initially discouraging, and let the client talk me into it. And he did not oversell, which made me feel somewhat better. Yes, we decided that the repairs merely preserved the existing life of the roof, did not extend the life. So, we deducted the entire $8,000 that year. Was that a reasonable decision? | |
| 27 February 2009 | |
| Given the cost of a full replacement, it sounds like a repair to me. taxea | |
Jglover1978 (talk|edits) said: | 27 February 2009 |
| Thanks, and that's basically what I was looking for, a judgment call based on the numbers. | |
RoyDaleOne (talk|edits) said: | 27 February 2009 |
| Do a search in the yellow box for my posts referring to a very article on roof repairs. | |
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