- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If you choose to capitalize and depreciate the cost of your roof, you should select "Real Estate" and it will be depreciated over 27 1/2 years. You may want to review the IRS Tangible property regulations – Frequently asked questions to see if your "new roof" qualifies for expensing as opposed to capitalizing.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
April 6, 2025
7:24 PM