- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
No, not as a casualty loss unless your home was in a federally declared disaster area.
However, you can deduct the costs of removing the tree for the portion directly attributable and required to continue operating your business in your garage/shop. This would be considered a maintenance expense for your business.
- IRS Tax Guide for Small Business (expenses begin on page 30)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 23, 2024
8:36 AM