The repipe (plumbing work) has been thankfully completed today. The patching work will be next week and the total cost is $36k for 3 units.
One of the units was unusable due to the slab pipe issue so I'm thinking of counting $12k as a repair.
Then depreciate $24k which is the repipe of the other 2 units over 27.5 years.
Would this be reasonable in the eyes of the IRS?
Thanks!
