REPAIR - Cost incurred to return an asset to the same usable condition it was in prior to the event that caused the asset to no longer be usable for it's designed and/or intended purpose.
That's not what the IRS Pub says:
Restoration.Expenses that may be for restoration include expenses for replacing a substantial structural part of your property, repairing damage to your property after you properly adjusted the basis of your property as a result of a casualty loss, or rebuilding your property to a like-new condition.
(I assume you operate on a cash basis, since more than 90% of landlords do.)
Curious as to how YOU know what 90% of landlords do.
While not impossible, I seriously doubt you spent $15K on "REPAIRS".
Curious as to how YOU are in a position to doubt what anyone claims to have spent on anything.
