I purchased an land parcel for $49K and placed a new mobile home on it valued $95K. I spent $33K dollar to improve the property. Can I claim this on my tax return?

[orocovis1956]

This a second home. The property is for personal use (not a rental property).

[Vanessa A]

No.  Improvements to personal property are not tax deductible.  Whenever you sell the property, you will add these improvements to your cost bases, decreasing your profit on the sale.

[orocovis1956]

Thank you!