Can i deduct new blacktop driveway and new property fence

claudiac1 · ‎February 6, 2024

xmasbaby0 · ‎February 6, 2024

For your own home? No. Home improvements to your own home are not deductible. Save your records for someday when you sell the house. They can add to your cost basis.

**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.**

Vanessa A · ‎February 6, 2024

It depends. If this is for a business or rental property, then it could be considered a business expense. The new black and the fence would be depreciated over 15 years as land improvements.

If this is for your personal home, then it is not deductible. It is just added to your cost basis for when you sell your home. It will then reduce your profit on your home.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Can i deduct new blacktop driveway and new property fence