Rebuilding my seawall

[jamesekelley]

I plan on rebuilding my residential seawall in 2025.    As stated, this is for my home and not a business.

The cost to replace / rebuild the seawall is significant.  I currently have a wooden seawall and will be putting a vinyl seawall immediately in front of the existing wall.  I am doing this because my wooden wall keeps washing out and I loose my beach to the lake.

My question is if this is something that I can write off on my taxes or depreciate?

[Vanessa A]

No.  If this is for your personal property, this is not something you can write off or deduct on your return. 

[NCperson]

@jamesekelley you can only add it to your cost basis.  It will reduce your capital gain upon eventual sale of the property.  

[Opus 17]

Improvements add to your cost basis.  This may reduce your capital gains when and if you sell.  Keep records for as long as you own the home plus 3 years after you sell, so you can document your cost basis for your taxes.  However, there is no immediate tax credit or deduction.