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Updated over 2 years ago on .
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Poly B replace for rental
Hi All
Tax / IRS folks please give ADVICE. I have rental MH that has Poly B plumbing and is out of code (cant sell it as is wont finance) that caused some wood damage on the floor. Plan to keep but can I expense the cost to replace the flooring as a repair ( I am doing the entire floor) and replacing about 10 sheets of wood from water damage? I want to expense it as a "repair" not an improvement (all in 1 year vs the 27.5).................thoughts??