Time for a different CPA?

[Tammy Mason]

I just had a discussion with my CPA regarding writing off expenses year 1 of ownership. I purchased a rental this year and have already incurred about 7k in repairs. He says I cannot write these off this year, but need to depreciate it over the years. Is this correct? I thought depreciation was a writeoff for 27.5 years for the value of building?

[Ashish Acharya]

Tammy, if you did the repairs before placing the asset into service, it will be capitalized and depreciated.