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speierpm
February 20, 2025
Question

Rental property leaks.No house wrap/moisture barrier.Siding off/bad wood replaced/wrap installed/new siding.20K.Not planned/forced to do.Can I deduct in 1 yr?Where?

  • February 20, 2025
  • 1 reply
  • 0 views
I know that siding is normally a multi-year depreciation, but I was forced to do this to protect my rental from a very unusual defect. I have lots of pictures and estimates verifying the missing wrap and rotten wood.

    1 reply

    AmyC
    AmyC
    Employee
    February 20, 2025

    No, that is a part of the house and must be depreciated. The circumstances don't affect the way it is treated.

    See About Publication 527, Residential Rental Property ... - IRS

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