Legal Question in Real Estate Law in Connecticut

I am in the process of renovating a house to rent in CT. I know I can use Schedule E to deduct certain expenses but since I put a new roof, new siding and new windows I heard I would have to depreciate these things instead of entering them as expenses. Can you tell me how to do this. Also, since I am doing this now near the end of 2010 and maybe not rent it until 2011 can I do this for 2011 even though the work was done in 2010?


Asked on 10/27/10, 8:33 am

1 Answer from Attorneys
Linda Subbloie Linda A. Subbloie, Esq.

This is an accounting question not a legal question.

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Answered on 11/01/10, 4:09 pm


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