SearchDeductible skylight work
Mabel asks:
(updated on Monday, January 15th 2018)
We have an 80's era rental. Our tenant alerted us that water was leaking into the bathroom around the skylight when it rained. They also noted the inside wood surrounding the skylight had bulging. Outside inspection showed old acrylic skylight was worn and cracked and the flashings needed replacing.
So we replaced the skylight with a double glazed glass one (as there was no choice to use an acrylic one as they are not installed in residential properties anymore). We replaced the flashings at the same time. Is this repairs and maintenance and thus a deductible expense?
Our Experts Answer:
Yes, the skylight is not a separate asset. It is part of the building. The work undertaken is simply repairs to the building and is fully deductible.
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