Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Tax: replacement of doors on rental (https://www.askmehelpdesk.com/showthread.php?t=72316)

  • Mar 15, 2007, 07:22 AM
    achakerian
    Tax: replacement of doors on rental
    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!
  • Mar 18, 2007, 09:25 PM
    AtlantaTaxExpert
    No, you can expense the deductible, but you must adjust the basuis accordingly.

  • All times are GMT -7. The time now is 05:35 AM.