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Investors & landlords
I recently paid under $10,000 to replace the entire roof on my rental. It had to be replaced because it was old and leaking in spots. The unadjusted basis of the house is $70,000 as it is quite old. Am I allowed to apply the safe harbor rule ? The old roof was replaced was installed in 2003.
Thanks
March 8, 2021
11:15 AM