All Forum Posts by: Amy Duffy

@Kathy Henley Thank you! We already got through that and have the claim approved luckily. Now I am vetting contractors but as we are getting close to the end of the year and have not put the house up for rent yet this question occurred to me. 

I was wondering that as well...probably won't make a huge difference but any benefit is better than nothing! 

We recently purchased our second home and will be keeping our first home as an investment property. The roof is being replaced through an insurance claim so our only out of pocket cost will come from our deductible. 

We are currently in the process of getting the property listed for rent and do not have tenants just yet. Ideally would replace the roof while it is vacant. My question is, can I depreciate the new roof on my taxes if it was done before actually earning rental income? Should we wait to replace the roof until we have renters? 

Thanks! New to BP!