Where on Tax form schedule F do you put down the cost of materials for a fence you built yourself?

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Where on Tax form schedule F do you put down the cost of materials for a fence you built yourself?

I built a fence my self. I would like to know what line I should put down the cost of materials on Tax form schedule F.

2007-02-12 07:01:16 · 4 answers · asked by dodge 3 in Business & Finance ➔ Taxes ➔ United States

4 answers

Schedule F is for Profit or Loss for Farming. Unless you own a Farm you can not claim the materials for building a fence

Instructions for Sch F
http://www.irs.gov/pub/irs-pdf/i1040sf.pdf

2007-02-12 07:20:50 · answer #1 · answered by Anonymous · 1⤊ 0⤋

Line 34 looks like it would work.

2007-02-12 16:31:22 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

Repair line sounds good.

2007-02-12 07:05:43 · answer #3 · answered by spicertax 5 · 0⤊ 2⤋

If it's for the home you live in it's not deductible.

2007-02-12 07:03:39 · answer #4 · answered by Oh Boy! 5 · 0⤊ 2⤋