Similar situation here (tax year 2021). However, the deductible for the new roof (my total out-of-pocket) was under $2,500.
The screens for depreciation indicate I am required to list it as an expense, but the Help screen on the Miscellaneous Expense screen says, "Improvements to your property must be depreciated once it is made available for rent."
Which is it? If I'm in the wrong section, please point me to the correct one.
Thanks for clarifying!
