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New fence replacement on rental property is deductible or depreciation
Hi,
I own a single family rental property. Last year, a heavy storm blew out my fence and we had to replace with a new which costed $4200 in total (labor and material). Can I deduct this expense in the same year or I have to do a depreciation? if depreciation, how many years do I need to use?
Thanks,
Jane
‎September 9, 2024
5:48 PM