rroop1
New Member

Deductions & credits

Thank you so much for the very thoughtful reply.  I agree there are a lot of questions that arise from all of this.  In my particular case the detached building is a shop that will cost 200-300k with value of original property at about 1 million.  It would be used to store RV’s and a boat.  So I would say it improves the value considerably but not used for a residential living space.