topic roof replacement in Investors & landlords

roof replacement

EDDIE911 — Thu, 30 Jan 2020 19:22:55 GMT

I did a roof replacement on my rental that cost $4000.00 in 2017

I depreciated it for 2017 and 2018

can I stop the depreciation and expense the balance since it was less then $10,000

AmyC — Thu, 30 Jan 2020 20:22:10 GMT

No, you can only expense an item the first year. After that, you will continue to depreciate the roof.

EDDIE911 — Thu, 30 Jan 2020 22:12:47 GMT

thank you