But if I were you I would just deduct the actual home price from the sale and comp.Let say FMV is 800k, with this roof lien I would take 25k out so FMV is 775k.It's not a big deal really.Another important thing is to understand from disclosure if local gov. is involved or not ; sometimes they want stuff to be fixed within 2 months after closing.

Consult your local laws, but you can possibly deduct the cost from your rent if they do not pay. 

You would then depreciate this amount over 27.5 years, allowing for annual depreciation deductions on your tax return.

Hi,Could someone share any IRS experience or their stance on tax deductions changes that went into effect after 2017?

I was told that I could only depreciate 8.6% (square footage percent of the upper unit) and only deduct repairs done to the rented room alone.

You should have  a lot of options if it's a building that's been updated etc.Farmers itself does some weird things with their deductibles and they're very specific what they want right now.Let me know if I can help.

Hello, can you deduct travelwhen looking into foreign markets for possible purchase of a short-term rental?

There is a fairly new 20% pass through deduction you may qualify for that could help you, but not everyone qualifies.

(If you die first you basis gets stepped up and there’s no tax savings.)It looks like adding it to capex is a SLIGHT winner. (1/27th of the money spent as a deduction per year.

One thing you can do is request that your deductible is increased.