M-Mtax,
I understand the question.
First, my quote is actually 17500, and I don't expect anything major at this point (furnace and water heater done in 2024). i live i So Cal so property is a little pricey and therefore 10k is the lower of the limits. I think I could take about 9k this year before hitting the limit leaving 8500 next year.
But AmeliesUncle got me looking further about Roof repairs. seems like most responses on internet search would lean towards Capital expense (depreciate), but throwing this out there in case either of you (or other Community members) can further opine, or possibly point to a credible source that leans toward current expense.
I took ownership in 2020. Roof (asphalt shingles) approaching near end of its life but has held on. No leaks thus far and don't want to risk that so doing the work soon.
I relooked at the quote detail. It's simply a asphalt shingle overlay (they are not removing existing shingles - I recall now that you can do this once before having to remove shingles on future replacement (a weight issue). so no underlayment (paper) replacement......does that possibly impact classification?
Thanks all
