Roof Restoration Tax Benefits
Having your roof restored/covered can have many benefits over having it replaced. Some roof restoration tax benefits are listed below.
- Fully Tax Deductible in First Year of Installation
- Not a Capital Asset – Roof Replacement (capital asset) is depreciated on a 39-year schedule as per federal rules.
- Commercial Roofs Have an Average 15 Year Lifespan – Restoration adds 10 to 18.5 years onto that lifespan
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