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Deductions & credits
I'll just add there are some circumstances that it could be a "repair".
It is unlikely they replaced the entire "roof"; most likely they merely re-shingled the roof. In SOME circumstances, that might be a repair. It can be complicated to determine that, but the link below has some insight into the matter.
https://www.thetaxadviser.com/newsletters/2017/jun/expensing-roofing-costs.html
‎December 13, 2024
12:03 PM