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Replacing a roof on a primary residence would not be deductible. The total cost of the improvement would be added to your basis and comes into play when you sell your home.
Roof improvements made to a rental or business property, would also not be deductible. But the costs are added to the Asset section and depreciated over their useful life.
Replacing a roof on a primary residence would not be deductible. The total cost of the improvement would be added to your basis and comes into play when you sell your home.
Roof improvements made to a rental or business property, would also not be deductible. But the costs are added to the Asset section and depreciated over their useful life.
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