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Old 03-08-2018, 11:50 AM
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TomCopeland TomCopeland is offline
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Join Date: Jun 2010
Location: St. Paul, Minnesota
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Default Windows

Originally Posted by Reimel61 View Post
I have replaced 11 of 21 windows and had new siding on the gables of the house in 2017 spending $9,000. Windows were energy efficient. How will this be treated on my taxes this year?

Tricky question. If you did the work before September 27, 2017 you can treat the new windows as a repair if you replaced less than half of the windows. Since you didn't, you must depreciate them as a home improvement over 39 years using the 50% bonus rule. Same answer for the siding. If you did the work after September 27, 2017 you can treat both expenses as a repair and deduct them in one year.
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