Thanks @PatriciaV!
What about smaller repairs like
- $700 to scrape, repair cracks and re-texture a ceiling
- $500 to replace a leaking section of radiator water line
- $140 for new kitchen faucet + $200 to cut off and replace water shutoffs. Faucet was leaking and shutoffs were seized.
- $150 to replace and secure soffit that was torn off by a raccoon
- $120 in labor to fix a furnace issue
All of these things seem like repairs to me and should be expensed in this tax year. But I know that it gets tricky with HVAC and plumbing.
I also paid $150 to have a 50 amp outlet installed to allow for replacing a broken gas range with an electric one. I know how to expense the new range, but not sure about the outlet/breaker install. I'm guessing it's an improvement/betterment, but wanted a second opinion.
