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    achakerian's Avatar
    achakerian Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Mar 15, 2007, 07:22 AM
    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!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

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