Can I deduct damage costs to my home?

Randster · ‎June 4, 2019

House was sold to me with extensive damage that was not disclosed. Can I deduct the repair expenses?

xmasbaby0 · ‎June 4, 2019

No. Repairs to your own residence are not deductible. Save all of your records for someday when you sell the house. If there was undisclosed damage or defects in the house, then you may want to pursue legal action against the seller.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

IreneS · ‎June 4, 2019

No, you cannot deduct the repair costs. Instead they are added to the basis of your property to reduce the capital gain when you sell in the future.

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Can I deduct damage costs to my home?