Does a new roof on a rental property qualify for special depreciation?

[joe7230]

If not can I then use Section 179?  I prefer the use special depreciation at 100%

[dkh]

Read thru IRS Pub 527 Residential Rental Property   https://www.irs.gov/publications/p527

[IRonMaN]

I thought we were supposed to provide only yes or no answers.  Now we are assigning homework to folks visiting here?  This is like being in school again but there isn’t anybody sitting next to you, so a person can’t even cheat and look over someone’s shoulder for the answer. 😬

[Terry53029]

IRS Reg. § 1.263(a)-3h allows a small TP to expense a capital improvement if:

• $1 Million limit on unadjusted basis – note that unadjusted excludes land, land improvements, and personal property identified through a cost segregation study
• Annual expenses for repairs, maintenance, and improvements, cannot exceed the lesser of $10,000 or 2% of the building’s unadjusted basis
• Annual gross income for the landlord must be less than $10MM for the three preceding tax years.

[dkh]

Nothing like a good read on a sunny summer afternoon.

[IRonMaN]

But it's not good to be reading any printed material outside this summer.  The pages could burst into flames ---------- too hot 🔥