Mobile Home Park Write-Offs

[Joel Hudspeth]

My wife and I purchased a park in Idaho last Jan. There are 31 park owned homes and 14 renter owned homes.  We have done quite a bit of work to the park owned homes in the tune of about 45K. This would be new roofs, furnaces, water heaters, windows, and general materials.  A friend of mine who is not a CPA says I can only write off 25K a year and the rest is carried over to the next year.  Is there a limit to how much of that I can write off per year?