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radcondon
New Member

can we claim a roof replacement on our home if it was leaking and insurance only wanted to repair roof ?

insurance co. paid 3000.00 for repair but some plywood needed replaced also . we had the roof replaced out of our pocket.
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2 Replies

can we claim a roof replacement on our home if it was leaking and insurance only wanted to repair roof ?

No.   Repairs and improvements to your own home are not deductible on your federal tax return.  Save your records for someday when you sell the house.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

can we claim a roof replacement on our home if it was leaking and insurance only wanted to repair roof ?

The cost of the roof replacement is not reported on your tax return if this was for a personal residence, not used as a rental or in a business.  The cost of the improvement to the home can be added to the basis of the home when it is sold.

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