Does a new roof go anywhere on the tax form?

jstephens777 · ‎June 6, 2019

jerry2000 · ‎June 6, 2019

For your personal residence, no.
Repairs, maintenance, and improvements to your personal residence property are not deductible from current income. If you make major improvements which increase your home’s market value or extend its useful life, you can add the cost of the improvements to the cost basis of your home, and you get the benefit when you sell.
You might find it helpful to read IRS Pub. 530, Tax Information for Homeowners
http://www.irs.gov/pub/irs-pdf/p530.pdf

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jerry2000 · ‎June 6, 2019

For your personal residence, no.
Repairs, maintenance, and improvements to your personal residence property are not deductible from current income. If you make major improvements which increase your home’s market value or extend its useful life, you can add the cost of the improvements to the cost basis of your home, and you get the benefit when you sell.
You might find it helpful to read IRS Pub. 530, Tax Information for Homeowners
http://www.irs.gov/pub/irs-pdf/p530.pdf

MinhT · ‎June 6, 2019

The cost of a new roof on your residential home is not deductible.

It is added to the cost basis of your home and you'll get the benefit when you sell your home as it will reduce your capital gain.

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Does a new roof go anywhere on the tax form?