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Get your taxes done using TurboTax
Is this a rental or business property? If not, no depreciation can be claimed for a personal residence. The cost of the roof increases your basis in the property should you sell it in the future.
Improvements for rental or business properties are depreciated over the life of the main asset (building). Rental properties are reported on Schedule E. Business assets are reported on Schedule C.
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March 15, 2025
5:37 PM