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New Member
posted Oct 7, 2022 8:53:46 AM

If i purchased some land to eventually build on, are the improvements i've made to the land tax deductible?

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1 Replies
Level 15
Oct 7, 2022 9:08:07 AM

Improvements are not a tax deduction.  They add to the cost basis, which will reduce your capital gains tax if and when you sell.