How to include repair expenses on rental property as depreciation?

Flamengo19 — Sat, 01 Jun 2019 18:22:00 GMT

If you did a major repair, you would not list it as an ex...

MichaelL1 — Sat, 01 Jun 2019 18:22:01 GMT

If you did a major repair, you would not list it as an expense but would add it as an asset and then take deprciaiton.

For example say you repaired a roof for $2,000 you would expense it.

But say you replaced the roof for $25,000, then you would add the roof as an asset and take depreciation on it.