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April 15, 2022
Question

Can I deduct a new roof for a business building

  • April 15, 2022
  • 2 replies
  • 0 views
Replaced a roof on a building I purchased for business use, Can I deduct the cost of the new roof?

2 replies

DoninGA
Employee
April 15, 2022

The roof is an asset that has to be depreciated at the same recovery rate as the building. 

Carl11_2
Employee
April 15, 2022

Your roof costs can't be deducted "per-se".  It has to be depreciated over time. You'll enter the new roof as a business asset and it gets depreciated the same as the building. Typically, business real estate is depreciated over 40 years.