No. Three factors determine how much depreciation you can claim each year:
- Your basis in the property
- The recovery period for the property
- The depreciation method used
In your case, the roof would depreciate at the same recovery period as the roof before it was replaced. But for other items such as carpets being installed could depreciate at a recovery period of 5 years or 9 years depending on the depreciation system used. For
more information please IRS
Publication 527
The refinancing fees will be subject to an amortization of 30 years. Please see our FAQ (below) on refinancing rental property https://ttlc.intuit.com/replies/3301761
