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Updated about 2 years ago on . Most recent reply

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16
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4
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Paul Scammacca
4
Votes |
16
Posts

Poly B replace for rental

Paul Scammacca
Posted

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?? 

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