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We run a small business from home. In 2021 I filed an insurance claim and my roof was replaced. Do I claim the Insurance deductible as a home repair expense for the biz?
I know the amount the insurance company paid cannot be claimed, but what about the portion for repairs that we paid (our homeowner insurance deductible). Should I list it as repairs, add as an asset and depreciate, ordo nothing?
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‎February 24, 2022
8:59 AM