The answer to your 1st question is 'no'. the cost of the roof was under $10,000. The answer to the second question is 'yes'. my repair cost was under2% of the unadjusted cost basis of the building. Under that interpretation, I would qualify. But the IRS rule reads "if the improvements exceed $10,000 or 2% of the adjusted basis, the expense does not qualify. Again my cost of the improvement/repair, is under $10,000, but my repair exceeds 2% of the unadjusted cost basis of the building. I think you interpret the rule as being one or the other, but I think it means you have to meet both criteria. From J.K. Lassers 2021tax guide there is an actual case where the tax court ruled that the landlord could deduct the full amount of the roof repair ($8,000) because the repair merely restored the property to a leak free condition and did not add to the value of the property. So there is another interpretation of the law.
I would appreciate your comments
