Maintenance for 5-year old home?
wrote in message
ups.com...
[snip]
i had realtives who replaced 1/2 of roof each year for years so it
was a repair rather than replacement. repairs can be written off each
year.
[snip]
Careful here -- a capital improvement is defined as something which exceeds
a certain dollar value, with a life expectancy of more than one year --
accounting 101. If your "repairs" exceed that threshhold technically they
are capital improvements and there might be problems with a comprehensive
audit --
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