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View Full Version : Tax: replacement of doors on rental


achakerian
Mar 15, 2007, 07:22 AM
I had to replace french doors on a rental due to damage during a robbery. My insurance has a $1000 deductable ---- I assume I treat this as an improvement on my income tax, list the cost as $1000, and depreciate it, right?

Thanks!

AtlantaTaxExpert
Mar 18, 2007, 09:25 PM
No, you can expense the deductible, but you must adjust the basuis accordingly.