topic Is installing a sump pump a capital improvement? Is installing a water filter a capital improvement? in Get your taxes done using TurboTax

Is installing a sump pump a capital improvement? Is installing a water filter a capital improvement?

dvdgarofalo — Thu, 24 Dec 2020 17:12:08 GMT

I replaced an existing sump pump and added a second. Can I consider the whole job a repair?

I installed a DIY whole house filter. (In basement) Is this a capital improvement?

Thank you in advance.

Re: Is installing a sump pump a capital improvement? Is installing a water filter a capital improvement?

Critter-3 — Thu, 24 Dec 2020 17:13:22 GMT

If this is for your personal residence just add it to your basis.

Re: Is installing a sump pump a capital improvement? Is installing a water filter a capital improvement?

dvdgarofalo — Thu, 24 Dec 2020 17:17:39 GMT

Yes, it is for my home residence.

My wife gets the home office deduction, so I just want to put it in the correct cottagey.

Of the 2 questions the sump pump is the one I am less sure of, but if it's ambiguous I will take it as a repair.

Re: Is installing a sump pump a capital improvement? Is installing a water filter a capital improvement?

Critter-3 — Thu, 24 Dec 2020 17:22:32 GMT

https://cozy.co/blog/the-differences-between-repairs-and-improvements/#:~:text=Improvements%2C%20such%20as%20replacing%20a,it's%20usually%20considered%20an%20improvement.