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Balcony replacement and Taxes
I have a Coop unit that I rent out in Virginia. The Coop Association is requiring specific owners to replace/repair our balconies (built in the 50's) and pay the entire cost. We had an Engineering firm assess them a while back. My question is how I apply this expense to my taxes. Can I deduct the entire expense or will it be a depreciation.
‎July 29, 2020
6:27 AM