clunea
New Member

Can I deduct the cost ($14k) of replacing a broken retaining wall at my rental property or do I have to depreciate? What's the best timeline if I have to depreciate?

The original retaining wall used poor quality wooden railroad ties.  I replaced with concrete, which is what should have been used, as I understand it.  If I had not replaced, my duplex was in danger of sliding down a hill!