You'll need to sign in or create an account to connect with an expert.
No, replacing the septic system to meet current state regs is not a deduction on your Tax Return.
However, you will add the cost of the septic system to the cost basis of your house, which will reduce your gain on the sale.
Check out the TurboTax FAQ below for more details on the sale of your home:
No, replacing the septic system to meet current state regs is not a deduction on your Tax Return.
However, you will add the cost of the septic system to the cost basis of your house, which will reduce your gain on the sale.
Check out the TurboTax FAQ below for more details on the sale of your home:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
nwilliamson129
Level 1
GlacierAddict
New Member
cwzkevin
Level 1
runnerbunner1
New Member
MikeKane
Returning Member