https://ttlc.intuit.com/community/taxes/discussion/yes-based-on-the-information-you-listed-in-your-previou/01/379355#M157161 <P>Yes - Based on the information you listed in your previous post (sorry, I don't know where it went) you should treat the work as a capital expense or improvement and depreciate it.&nbsp; A&nbsp;<B>capital improvement</B> is defined as 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.</P><P> <SPAN>The foundation work and mold remediation would <B>increase the useful life</B> of the property and I would consider the work a capital improvement.<BR /></SPAN> </P><P> <SPAN>If you feel that strongly that it's a repair, you could always submit your return, treating it as an expense.&nbsp; If the IRS disagrees, they'll let you know and you can defend your position.<BR /></SPAN> </P><P> <BR /> </P><BR /> Tue, 04 Jun 2019 00:37:58 GMT IreneS 2019-06-04T00:37:58Z https://ttlc.intuit.com/community/taxes/discussion/resubmitted-with-detail/01/379352#M157159 Tue, 04 Jun 2019 00:37:56 GMT https://ttlc.intuit.com/community/taxes/discussion/resubmitted-with-detail/01/379352#M157159 weberch 2019-06-04T00:37:56Z https://ttlc.intuit.com/community/taxes/discussion/yes-based-on-the-information-you-listed-in-your-previou/01/379355#M157161 <P>Yes - Based on the information you listed in your previous post (sorry, I don't know where it went) you should treat the work as a capital expense or improvement and depreciate it.&nbsp; A&nbsp;<B>capital improvement</B> is defined as 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.</P><P> <SPAN>The foundation work and mold remediation would <B>increase the useful life</B> of the property and I would consider the work a capital improvement.<BR /></SPAN> </P><P> <SPAN>If you feel that strongly that it's a repair, you could always submit your return, treating it as an expense.&nbsp; If the IRS disagrees, they'll let you know and you can defend your position.<BR /></SPAN> </P><P> <BR /> </P><BR /> Tue, 04 Jun 2019 00:37:58 GMT https://ttlc.intuit.com/community/taxes/discussion/yes-based-on-the-information-you-listed-in-your-previou/01/379355#M157161 IreneS 2019-06-04T00:37:58Z