Improvements are changes that make the property more valuable. Repairs just return the property to working order. Patching a roof is a repair, while replacing the entire roof is an improvement.
Paying someone to fix a stove is a repair, while a new stove is an asset.
Improvements are listed as assets and the deduction is spread over a period of years.
Repairs can be deducted fully in the current year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
