When you enter the total cost of your roof repair do you enter the amount you paid out of pocket?

posted

Connect with an expert

2 Replies

When you enter the total cost of your roof repair do you enter the amount you paid out of pocket?

Yes. If you have a rental or investment property for which you paid for roof repairs, you would only enter/report as an expense the portion that wasn't covered by insurance - your out of pocket expense.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

When you enter the total cost of your roof repair do you enter the amount you paid out of pocket?

Thank you!

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post