Now this situation has gotten even more interesting. We went to install today and discovered historical termite damage in the support beam. So we decided to replace with a steel beam.
Is replacing a bad wooden support beam with a steel beam now considered an improvement? It is arguable that this doesn't add any value to the property. I cannot add the additional and expect someone to pay because of it. A functional support beam is presumed.
The cost is now $9400 so can I still write this off in full as a 2024 repair or do I now have to depreciate this over 27.5 years? Thanks.
