Investors & landlords
Yes, you can depreciate the new roof on your Rental Property as an Asset. When you sell the property, the undepreciated basis is added to the Cost Basis when reporting the sale, reducing Capital Gains.
However, the first year you place an Asset in service, you have several options for claiming depreciation, including 179 where you can deduct the full amount in the first year.
Yes, the gutter replacement will be a Rental Expense for you.
