Feb
27
Is a new roof on a commercial building eligable for bonus depeciation under the 2008 stimulus tax law?
Filed Under roofing
Jim F asked:
I read that 50% bonus depreciation is not available for things that have useful lives greater than 20 years. I believe that a new roof on a commercial building usually must be depreciated over 39 years. On the other hand, a new roof probably has a 20 year or less useful life. I am not sure if the IRS has put forth it’s view of the useful varuous items like roofs.
I read that 50% bonus depreciation is not available for things that have useful lives greater than 20 years. I believe that a new roof on a commercial building usually must be depreciated over 39 years. On the other hand, a new roof probably has a 20 year or less useful life. I am not sure if the IRS has put forth it’s view of the useful varuous items like roofs.
Thanks for any help with this.
Insulated Vinyl Siding
Comments
One Response to “Is a new roof on a commercial building eligable for bonus depeciation under the 2008 stimulus tax law?”











Roof does not qualify for the bonus depreciation.
Roof does indeed state that the stimulus package does not qualify for the bonus depreciation.