turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rgfick
New Member

I sold an investment property that needed a lot of cleaning up. Can I deduct dump fees and mileage for all the trips I made to the dump? It wasn't a residence I lived in.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I sold an investment property that needed a lot of cleaning up. Can I deduct dump fees and mileage for all the trips I made to the dump? It wasn't a residence I lived in.

No, since this was a second home and not an investment property, this would be a personal expense and is not tax deductible.  

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

I sold an investment property that needed a lot of cleaning up. Can I deduct dump fees and mileage for all the trips I made to the dump? It wasn't a residence I lived in.

I believe this home would qualify as an investment property. It was acquired with the sole purpose of cleaning it up and selling it.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question