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

 
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Coleen3
Intuit Alumni

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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Coleen3
Intuit Alumni

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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