Discussion:Structural Components-Siding
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Discussion Forum Index --> Basic Tax Questions --> Structural Components-Siding
Discussion Forum Index --> Tax Questions --> Structural Components-Siding
| 21 March 2009 | |
| Residential Rental House. Would like to take structural components (as repairs to rental). The repairs were windows 6000.00, doors 800.00, screen doors 460.00 and siding 6450.00. Per Reg c.s. 1.48-1(e)(2). It says walls, but is that siding? | |
| 22 March 2009 | |
| I think the definition of walls in ยง1.48-1(e)(2) specifically refers to load bearing walls, as opposed to partitions or interior, non load bearing walls. The siding on the walls is a completely different thing. The siding is merely attached to the wall. Siding, from a depreciation/repair standpoint is no different than wallpaper or anything else you would put on a wall. | |
Harry Boscoe (talk|edits) said: | 22 March 2009 |
Siding: Was there something on there before the "repair" that wasn't doing the job and/or had to be removed? Is this "siding repair and replacement" just keeping the property functional as a house, i.e., satisfying the *minimum* requirements of habitability?
Say yes and take the deduction. Say no and write it off over 27-1/2 years! | |
| 22 March 2009 | |
| Well Harry Boscoe. I will have to get back to you on that one. I will call my client and ask!!!!
Good Point. | |
| 23 March 2009 | |
| siding is NOT structural but it provides weatherproofing to the structure and protects its value from water damage -- I say depreciate it. | |
| 27 March 2009 | |
| The client stated, putting in the windows destroyed the original siding and therefore the siding had to be replaced on the entire rental home. | |
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