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New Member
posted Jan 29, 2021 9:26:36 AM

We put in a driveway. How do I deduct that?

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1 Replies
Level 15
Jan 29, 2021 9:32:27 AM

If the new driveway was for your personal residence, it's not a deductible expense.  Instead, it's added to the cost basis of your home when you sell, thus reducing the amount of any taxable gain.  So hang on to your receipts.