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Posted by Gil Faver on August 30, 2007, 11:20 pm
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>>> Hi all. I have owned a rental home for many years. I am
>>> planning on installing new windows thru-out the home that
>>> will cost appoximately $9K. Can I deduct the $9K against
>>> the rental income all in one year, or do I have to place the
>>> $9K on the depreciation schedule and deduct it over the 20
>>> years? I am also planning on a new roof next tax year, so I
>>> would have the same question for that.
>>>
>>> Thanks in advance!!!!!!
>> All posts seem to take the position that this is an
>> improvement. I am not so sure. If they are replacing
>> existing windows, and do not add materially to the use to
>> which the property can be put, and do not appreciably extend
>> the useful life of the property or substantially increase
>> its value, they are repairs.
> New windows significantly increase the value of the home. It
> is something that buyers look for and consider important. A
> new roof appreciably extends the useful life of the
> building.
this is really a case-by-case analysis.
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