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New Member
posted Apr 9, 2023 8:47:24 AM

Can an individual claim a deduction for environmental remediation for clean up of a diesel spill?

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1 Replies
Level 7
Apr 9, 2023 11:58:39 AM

No. Environmental remediation costs can be a deductible trade or business expenses under IRC section 162. Unfortunately, individuals cannot currently deduct  environmental cleanup expenses,