Is siding on a rental property an expense or capitalized? The repair was $8100 for material and labor.

[taxiowa]

Did you cover existing siding or tear off and completely replace.  May be some wiggle room there.

[rbynaker · Accepted solution]

There are no bright line answers any more.  See if this helps any:

https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations

Jump down to "Step 2" and evaluate the BAR rules.

It's slightly more "plain language" than the actual regs.  But the regs are full of examples so they often end up being more helpful.