Solved: My house has been flooded twice. If I made improvements to prevent future flooding is that work tax deductible?
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My house has been flooded twice. If I made improvements to prevent future flooding is that work tax deductible?

 
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Level 15

My house has been flooded twice. If I made improvements to prevent future flooding is that work tax deductible?

No. The cos is simply added to your cost basis, for when the house is sold in the future.

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Level 15

My house has been flooded twice. If I made improvements to prevent future flooding is that work tax deductible?

No. The cos is simply added to your cost basis, for when the house is sold in the future.

View solution in original post

New Member

My house has been flooded twice. If I made improvements to prevent future flooding is that work tax deductible?

Thanks for your help.
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