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QUESTION DETAIL
Related User
Votes
I have a rental apartment with a long term tenant. She requested that I change 2 windows that are old and leaky. The total cost for the installation was $1,500. May I deduct the entire sum as an expense for 2012 or must I depreciate it as an improvement over time?
ANSWER
The BIDaWIZ Team's Answer:
You would depreciate the amount purchased to replace the windows as it's a capital improvement. A repair would be if you fixed an existing asset rather than a complete replacement. Please reference IRS publication 414.
