ErnieS0
Expert Alumni

Deductions & credits

No. A drainage system is not deductible. Add the cost of the system to the "basis" or cost of your home. When you sell your house, the IRS taxes you of the difference between the sale price (minus sales expenses) less (purchase price + cost of improvements). 

 

There is also a home sale exclusion if you own and live in a home for five years to help lower your tax bill.

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