We has an oil tank spill on our property that cost $30,000 in remediation. Is any of that deductible?

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Unfortunately, no, it is not. Losses of this kind are not deductible.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I have investment property previously entered on Sched E to deduct mileage expense checking on property. Where do I enter this property in Turbo Tax?

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We has an oil tank spill on our property that cost $30,000 in remediation. Is any of that deductible?

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We has an oil tank spill on our property that cost $30,000 in remediation. Is any of that deductible?

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