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Can i claim new siding on my house in the state of Nebraska?

 
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DS30
New Member

Can i claim new siding on my house in the state of Nebraska?

Unfortunately no, you can not take a tax deduction for adding siding to your home. 

However, since your siding will extend the life of your home and will last more than one year, you will be able to add the cost of the siding (including any installation costs) to the basis in your home. This will lower any capital gain that you may have in your home when you decide to sell it.

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