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Level 1
June 6, 2019
Solved

Do I have to depreciate a new roof on rental property that I sold in the same year I installed it?

  • June 6, 2019
  • 1 reply
  • 12 views
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Best answer by CherylW

If you placed an asset in service and disposed of it in the same year, then you can't depreciate it.

1 reply

CherylWAnswer
Level 11
June 6, 2019

If you placed an asset in service and disposed of it in the same year, then you can't depreciate it.