how to deduct rental new roof in Turbo tax

[Carl]

but if I would sell would the sale price be affected?

Sale price? No. You can sell the property for whatever you can get for it.

[eugenevos]

So why should I worry about cost basis?

[Carl]

So why should I worry about cost basis?

It's nothing to "worry" about per-se. You just need to be "aware", as it'll matter big time when you sell the property. Your taxable gain on the sale is the sales price, minus your cost basis, minus your sales expenses, plus recaptured depreciation. The lower your cost basis, the more of your sales price that is taxable income in the year you sell the property.

[eugenevos]

Got it, thank you!