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jon-jill
New Member

Can I deduct the cost of a storm/tornado cellar that we had installed?

 
3 Replies
xmasbaby0
Level 15

Can I deduct the cost of a storm/tornado cellar that we had installed?

No.  Improvements to your own home are not deductible.  They add to your basis for someday when you sell the home.

**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.**
jon-jill
New Member

Can I deduct the cost of a storm/tornado cellar that we had installed?

jon-jill
New Member

Can I deduct the cost of a storm/tornado cellar that we had installed?

I posted a link to an article I found. I live in Oklahoma, does anyone know where I put this on my taxes for the deduction? 

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