@DavidD66 wrote:
The safe harbor elections mean you don't have to determine if the cost is for a repair or an improvement. That doesn't mean you have to capitalize the cost of a repair because it exceeds the safe harbor amount. If it doesn't qualify as an improvement, it is a repair and maintenance expense. It does require an analysis of the facts and circumstances.
Right, but the dollar limits are going to be tough to meet for a roof replacement on a rental house, unless I am mis-remembering the limits. It's worth verifying, of course.
