Tax write off

[Anthony Freeman]

What is the best way to write off a new roof?

[Basit Siddiqi]

Quote from @Charles Carillo:

@Anthony Freeman

I am not a CPA, and you should speak to one prior to making any decisions.

Since the roof is not an expensive but a capital expenditure; it is depreciated over time. That said,  because of the Tax Cuts and Jobs Act, 80% can be claimed in year one (2023). 

I would speak to your accountant, and see what they suggest.

The 80% claimed in year one is assuming the item is eligible for bonus depreciation.
Roofs are usually not eligible for bonus depreciation and as a result will not be eligible for 80% write-off in year one.