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New Member
posted Jan 30, 2025 8:37:48 AM

I HAD A NEW DRIVEWAY REPLACED IS THAT DEDUCTABLE

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3 Replies
Expert Alumni
Jan 30, 2025 8:39:19 AM

If this was a driveway attached to your personal residence, then no, it is not deductible.

 

Instead, you add this amount to the basis of your home, so that when you sell your home, the gain is reduced.

Level 15
Jan 30, 2025 8:40:23 AM

Repairs or improvements to your own home are not deductible.  Save your records for someday when you sell the house.

Level 15
Jan 30, 2025 8:42:36 AM

if it was your residence, then no unless 1) if you have a home office, then a portion would be deductible or 2) it was rental property