ScottL1
New Member

Investors & landlords

If the roof and hvac were listed as expenses in 2013 then you have already received a benefit from them now and you cannot add them as assets in 2018.  In 2013 your income was reduced by the cost. If they were added as assets then the depreciation would have been deducted over the life of those until the full expense was taken, but since you already deducted the full cost there is no additional benefit.  

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