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olyroy
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Can I deduct the cost of construction of a new garage?

My home did not have a garage. I had one built in 2017. What may be deductible from the costs of building the garage?

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Can I deduct the cost of construction of a new garage?

An improvement to your personal residence is not reported on a tax return.  The cost of the improvement is added to the basis of the home when it is sold.

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1 Reply

Can I deduct the cost of construction of a new garage?

An improvement to your personal residence is not reported on a tax return.  The cost of the improvement is added to the basis of the home when it is sold.

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