- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Q. May I interpret this to mean the cost of clearing sewer pipe damages from a tree root is deductible for a non business home?
A. No. Repair expenses on your personal use property are not deductible. If the cost was large enough to qualify as an improvement (capital expenditure), then the cost will be added to your cost basis for when the property is sold in the future.
‎November 12, 2019
7:02 AM