Deductions & credits


@DumbDadLTG wrote:

...else if do i next year, I definitely have to depreciate


 

Let's back up a second.  I should have asked this before I made my last comment.  TWICE you referred to it as a "repair", rather than an improvement.

 

If it truly is a "repair", there is no dollar limit.  It could cost a million dollars and it would be deductible.  

 

If it is merely replacing shingles and underlayment (not replacing rafters/trusses and minimal sheathing replacement), in SOME cases it may be a repair.