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Roof - Home Repair vs Home Improvement

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Roof - Home Repair vs Home Improvement

Posted 29 Mar '20 01:37 AM

We recently replaced our roof. Does this go under home repair (expense all in 1 yr) or is this a home improvement (depreciate over 39 years). We made no structural changes just took off and repaired/replaced the old shingles.


THANKS!

RE: Roof - Home Repair vs Home Improvement

Posted 02 Jul '20 11:49 PM

Check this article - https://realtytimes.com/consumeradvice/homeownersadvice/item/38852-20151002-home-repairs-vs-improvements-no-clear-answer.
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