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Can I claim my sewer pipe replacement on my taxes? This cost over $10,000.

 
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2 Replies
MinhT1
Expert Alumni

Can I claim my sewer pipe replacement on my taxes? This cost over $10,000.

No if this is for your personal home.

 

For a rental home, you can deduct it as a rental expense.

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Can I claim my sewer pipe replacement on my taxes? This cost over $10,000.

Permanent improvements to your real property (land and anything attached to it) are added to your cost basis and may reduce your capital gains when you sell, but are not deductible.

 

For a business or rental property, this is not a deductible expense, but an improvement that is added to the property basis and depreciated over time.  

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