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August 17, 2017

Roofing Costs – Expense or Capitalize, That Is the Question!

By Steve Carter, CPA, Principal
ASL Construction Group

The issue of roof repairs and replacement presents an age-old dilemma for tax professionals and our clients. Generally (and most often optimally), one hopes that such repair, or even replacement costs, can be expensed in the year incurred. But the analysis required to determine what should be done is not so simple, especially with the recent issuance of the Tangible Property Regulations by the IRS.

To get to the best outcome, we need to raise insightful questions with our clients regarding their roofing system.

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Categories: Construction Corner, Summer 2017
Tags: capitalize, expense, roof cost analysis, roof repairs, roof replacement, Steve Carter,

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