bdang009
Returning Member

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