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Article Date:
July 2009

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Tax Deduction Checklist Should Include Repairs

Question. I own a nice nine-unit apartment that suffered an unusual frame problem this past winter when some flooding problems caused the frame to settle and stress the roof. The repair requires a realignment of the frame and replacement of the roof. We are making a claim with the insurance company, but that claim is on shaky ground as we did not have flood insurance. Also, this is a rather expensive proposition, and I would like to deduct the $73,000 cost of the realignment and roof this year. Do you have some ideas that can help? ... Log in to view full article.

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