3106820
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

menyy1
Returning Member

Roof replacement due to hail storm on rental property. Can I claim the deductible as an expense?

We had a hail storm and had to replace my roof because it was all damaged. Total cost was $9k, insurance paid $5k and my deductible was $4k. I rent out 75% of my house, can I expense 75% of my $4k deductible? Does it count as a repair since the insurance claimed it had to be replaced after the hail storm? Or does it count as home improvement thus have to be depreciated? 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Roof replacement due to hail storm on rental property. Can I claim the deductible as an expense?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question