Last year I claim a $15000 new roof on taxes as a home owner. can I amend last year and remove that and move it to this year?

[1jjeffers79]

Or can I amend last year and claim the15000 as rental lost income?

[Hal_Al · Accepted solution]

No. the credit must be claimed in the year the project was done and paid for,

[1jjeffers79]

Ok can I amend last year and move the 15000 repair from home owner to rental property?

[Hal_Al]

I'm not sure what that means. But, you can probably do both, if the house was converted from your residence to a rental unit, after the improvement was made.

You claim the energy credit on your 2015 return, on your residence. Even it the house was a rental unit, at the time you did the work, the energy credit is still claimed on form 5695 and line 53 of form 1040 , not schedule E

When you converted the unit to rental, you add the $15K to your cost basis and depreciate it over 27.5 years.