1842018

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

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

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.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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