Capitalization vs. Expense. Sam owns a small apartment building (this is the only rental building Sam owns). During the year Sam incurs the following expenditures:
Pope, Thomas R.; Rupert, Timothy J.; Anderson, Kenneth E.. Pearson's Federal Taxation 2017 Comprehensive (Page 6-Ind 40). Pearson
Replace roof and roof underlying structure because of building code requirements $30,000
Repaint the interior 3,000
Repair door handles and door locks 1,000
Replace broken windows 1,500
Replace crumbling sidewalks and stairs because of building code requirements 25,000
Education. Kindle Edition.