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Deductions & credits
No, not quit what I was asking. I purchased the land (cabin) in 2001 and just sold the land (cabin) in 2020. the difference was $17500 (gain). But in 2017 I learned I had no legal access to the property so I had to pay roughly $9000 to get a new road (easement/wet land delineation/survey/construction) . Is that land improvement (new road expense) a write off and if so where do I enter it?
March 10, 2021
9:22 PM