What amount can I depreciate on the cost of a new roof for my home office when insurance paid all but the $2,500 deductible? The entire roof on the house was replaced.
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1 Best answer
CatinaT1
Expert Alumni
Apr 20, 2021 9:59:27 AM
The total cost you use is what you paid, so the $2500. This will be applied toward the percentage of home office vs entire house when calculating the home office deduction amount.
1 Replies
CatinaT1
Expert Alumni
Apr 20, 2021 9:59:27 AM
The total cost you use is what you paid, so the $2500. This will be applied toward the percentage of home office vs entire house when calculating the home office deduction amount.