Advertiser Disclosure

advertising disclaimer
Skip to main content
ask millionacres

Ask Millionacres: How Do I Deduct a New Roof on A Rental Property?

Jun 05, 2021 by Matt Frankel, CFP
Get our 43-Page Guide to Real Estate Investing Today!

Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.

*By submitting your email you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions.

I have a house I use for rental income. I put a new roof on in 2020, and I am assuming I have to depreciate using the straight-line method over 27.5 years. The IRS says I need to fill out Form 4562. I have read the whole thing a million times but can't figure out how to fill it out properly for a roof. What line do I list on? What section do I use? Your help would be greatly appreciated! -- Maryann