A sewer line backed up at my condo. It is a 2nd home & investment property. a total loss, & I paid a lot of $ to repair it. Can I deduct the cost of the remodel?

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If it is a second home, what type of investment property? A rental? Going to sell it?

In general, not you cannot deduct the cost of a remodel on a second home. You can add it to the cost basis for when you sell it, it will lower your profit.

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A sewer line backed up at my condo. It is a 2nd home & investment property. a total loss, & I paid a lot of $ to repair it. Can I deduct the cost of the remodel?

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A sewer line backed up at my condo. It is a 2nd home & investment property. a total loss, & I paid a lot of $ to repair it. Can I deduct the cost of the remodel?

A sewer line backed up at my condo. It is a 2nd home & investment property. a total loss, & I paid a lot of $ to repair it. Can I deduct the cost of the remodel?

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A sewer line backed up at my condo. It is a 2nd home & investment property. a total loss, & I paid a lot of $ to repair it. Can I deduct the cost of the remodel?

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A sewer line backed up at my condo. It is a 2nd home & investment property. a total loss, & I paid a lot of $ to repair it. Can I deduct the cost of the remodel?

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