Section 179 Roofing Deductions
Section 179 allows deductions of roof replacement and improvements up to $1,000,000 in 2020.
If you have plans of investing in your building, 2021 may be the year to do it. Line 179, allows a building owner or business to deduct up to $1,000,000 of reinvestment in place of amortizing over an extended period. This is double allowances and is not guaranteed to be extended in 2021.