English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

tree limbs have already fell on porch during ice storm, but damage was taken care of by insurance. had to have all limbs cut off to make sure it didn't happen again. it cost $2500, because they each had to be roped off and pulled away from house.
Can we deduct the cost on our tax return somehow?

2007-02-10 09:21:07 · 4 answers · asked by slbb 1 in Business & Finance Taxes United States

4 answers

No, this would not be a deductible expense. And since it's a repair, not an improvement, you couldn't add it to the basis of your house when you sell, either. It's just an expense that you have to pay, but won't have any effect on your taxes.

2007-02-10 11:43:43 · answer #1 · answered by Judy 7 · 1 0

portray, ill change, bathtub resurfacing, etc = you probably did on your own dime because you needed it done... you get not something in go back because you at the instantaneous are not the proprietor of a house. -- if i became your proprietor of a house i does not have allowed bathtub resurfacing = it really is a short while period fix that causes higher complications interior the best!! As for the tree = he needs a tree... he may have continuously needed a tree = i'd too! timber are good for the ecosystem, make heating and cooling expenditures a lot less, and often seem extra effective than an barren backyard. no prefer to assert something in the previous because he knew that once you moved out you may be responsible for replacing it once you left. once you purchase a house you're loose to make your innovations up what adjustments you're making except you stay in an HOA or different constrained section.

2016-11-26 22:28:46 · answer #2 · answered by longhenry 4 · 0 0

No! You may be able to say that it is a cost of the house and add it to the cost you had for purchasing your house. When you go to sell your house if the gain is over 250,000 single/ 500,000 married this would be able to raise your initial cost(basis)

2007-02-10 09:25:54 · answer #3 · answered by darrenwelsh429 2 · 0 1

Nope. You cannot deduct home improvements unless you took out a home equity loan to pay for them, then the interest on the home equity loan is tax deductable. See IRS pub 936.
(link below)

2007-02-10 09:27:22 · answer #4 · answered by Ryan K 2 · 0 2

fedest.com, questions and answers