I recieved a notice of unsafe condition from the city on my property. Can I write off any expenses to repair the retaining wall in question?
2007-09-09 08:05:57 · 4 answers · asked by qbert 1 in Business & Finance ➔ Taxes ➔ United States
What if the retaining wall was damaged during a declared state of emergency?
2007-09-09 13:26:47 · update #1
This would not be a deduction if it is your personal residence. It could be an adjustment to your basis if you own the home. That will reduce any gain you may make when you sell the house in the future. It is not an adjustment to bases if it is only a repair to what had existed when you purchased the house.
2007-09-09 09:19:37 · answer #1 · answered by ? 6 · 0⤊ 0⤋
You statement might have some validity if there were any evidence that any of Obama's proposed policies would produce a positive change. In the past he has yielded no Change or progress for any constituency that he has served. And anyone who places any value on the words of Micheal Moore needs some serious deprogramming. This poverty Bullsh*t is retarded "we allow people to live in poverty?" in this country the people living in the worst poverty Can still become successful through hard work and determination, poverty is not going to be solved by the government giving away other people's money.
2016-04-03 22:56:51 · answer #2 · answered by ? 4 · 0⤊ 0⤋
No, sorry, if it's your home. if it's rental property, it would likely be a deductible expense.
2007-09-09 10:42:35 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
You can only deduct this if it is rental property.
2007-09-09 08:50:17 · answer #4 · answered by Mark S 5 · 0⤊ 0⤋