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Deductions & credits
So, since I'm talking about my roof, would the "property plus any improvements" only apply to the roof, or do you mean the house? For instance, if I paid $250k for the house & property and my insurance company said the damage to the roof was $15k, or which they paid $14k after deductible, and then I paid $16.5k to have the roof replaced, what would the cost basis and other numbers be?
‎June 3, 2019
10:36 AM