Updated 8 days ago on . Most recent reply
Capital or current expense
Hi all,
I recently had ice damming at my property, and have been quoted approximately $12 k to repair the roof and siding.
Two questions:
would this be considered capital expense or current repair?
If I’m only paying $1000 out of pocket (deductible). Confirming I can still claim the $12 k?
thanks in advance



