Solved: Can I expense new roof? Don't want to depreciate over years, selling rental property.
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New Member

Can I expense new roof? Don't want to depreciate over years, selling rental property.

 
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New Member

Can I expense new roof? Don't want to depreciate over years, selling rental property.

No, you will have to depreciate it over the life of the building. If you sell it in 2018, you will, in effect, recoup the entire amount in one shot since it will be added to the basis.

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New Member

Can I expense new roof? Don't want to depreciate over years, selling rental property.

No, you will have to depreciate it over the life of the building. If you sell it in 2018, you will, in effect, recoup the entire amount in one shot since it will be added to the basis.

View solution in original post

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