I operate a small business in a home, and I would like to know if I can deduct the cost of replacing roof shingles for the entire house under "Repairs and Maintenance."
The insurance paid 100% of the cost, but I'm unsure if I should try to recoup the costs anyway.
TIA
Mark
You'll need to sign in or create an account to connect with an expert.
If the insurance paid 100% of the repairs, there is no out-of-pocket expenditure from you, and you cannot claim this cost anywhere.
If the insurance paid 100% of the repairs, there is no out-of-pocket expenditure from you, and you cannot claim this cost anywhere.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Mark4585
Level 1
jbauer1
Level 1
Repo Business Car
Level 1
kendall-heyabbot
New Member
Hobnf
New Member