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jglav09
New Member

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

 
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Hal_Al
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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2 Replies
Hal_Al
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.

jglav09
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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