MichelDionne
Dec 8, 2011, 10:20 AM
I own an older home that is a rental property.
The roof was well past end of life and my tenants reported a leak so I had the roof replaced by an equivalent (tar and gravel replaced by torch-on). Is this a current or capital expense?
Also, new tenants complained about the windows (again at or past end of life) because many of the seals were broken and almost all no longer had proper locks. I had these replaced by an equivalent (double pane by double pane, but the newer low-e rated energy efficient). What about this one, current or capital?
Thanks for the info
Michel
The roof was well past end of life and my tenants reported a leak so I had the roof replaced by an equivalent (tar and gravel replaced by torch-on). Is this a current or capital expense?
Also, new tenants complained about the windows (again at or past end of life) because many of the seals were broken and almost all no longer had proper locks. I had these replaced by an equivalent (double pane by double pane, but the newer low-e rated energy efficient). What about this one, current or capital?
Thanks for the info
Michel