These examples are very helpful but there are still some things I do not understand even after reading the IRS rules carefully.
One thing on the original list of questions is exterior paint. I read that a new roof is a capital improvement but new paint is not. These seem like similar things but I guess a roof is like a structural improvement and paint is an expected periodic maintenance item?
What about architectural design and management fees for an improvement like a bathroom remodel? Included in the total cost of the remodel as a capital improvement?
How about repairs made for a structural pest control report? Not just getting rid of the pests, although that may be a benefit, but also repairing the damaged structures and thus bringing the house back to original undamaged condition?
Finally, what about refinishing badly damaged floors? Again, not just periodic maintenance to shine up the floors but repair to badly neglected floors upon move in.
