@DumbDadLTG
I tend to agree with @AmeliesUncle on almost all issues that arise. The IRS does say the following in a Publication.
Example.
You repair a small section on one corner of the roof of a rental house. You deduct the cost of the repair as a rental expense. However, if you completely replace the roof, the new roof is an improvement because it is a restoration of the building. You depreciate the cost of the new roof.
HOWEVER, in my opinion (which counts only as that) I think the overlay changes the calculus here, After all, you're not tearing off the old roof and replacing it; you're just covering the existing roof with some new material as a remedial effort of sorts. Again, my opinion only is that you could go with a repair.
