- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The residing and deck rebuilding are assets and not expenses.
The residing of your home and rebuilding the deck are capital improvements that are added to the adjusted cost basis of your home. A capital improvement is the addition of a permanent structural change or the restoration of some aspect of a property that will either enhance the property's overall value, increase its useful life or adapt it to new uses.
‎June 1, 2019
1:22 PM