@M-MTax wrote:
it just doesn't make sense to write off over 27.5 years.
Yep, agreed......never does with that low of a dollar amount.
Unfortunately, the IRS doesn't give you a break on dollar amount (except for the $2500 safe harbor, which you have exceeded). It depends on the scope of the work. Your new update doesn't really change my view that this could be argued as either a repair or an improvement (repair, because you are restoring just a portion of the foundation system, not reconstructing the entire foundation such as after an earthquake or major water damage). I think you are fine taking it as a repair.
