However there are many questions to determine if the roof work is a capitalized betterment or a restoration.  

It's been restored through the magic of television :) 

And, you have all that TIME restored, for other deployment.  

The state is falling apart, particularly NYC, and until rule of law is restored, it will only get worse.

These are typically deductible in the year they’re done.On the other hand, improvements that better the property, restore it after substantial damage, or adapt it for a new use generally have to be capitalized and depreciated over time.Now, if the cost is $2,500 or less, you might be able to use the De Minimis Safe Harbor election to expense it immediately, rather than depreciating it.

Look at places like Habitat for Humanity Restore.

At the end of the project's life the land must be restored to a natural state and the materials must be recycled if possible, eg. stripping out metal, etc. 

I put $40K into restoring it and played up the theme that it was the old.

I restored a home that sat under 4 feet of water for 2 weeks.  

I have already got paid by the insurance .now it comes to signing the contract with this restoration company ( the same company that dry the house ) , and their contract was very basic .. it didn’t list in detail of what they were going to do  .. for example 1.initial material ___$upfront 2.drywall / paint  _____ $upon completion 3.Cabinet completion _____ $upon completion 4.Flooring _____ $ upon completion 5.