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No, replacing the septic system to meet current state regs is not a deduction on your Tax Return.
However, you will add the cost of the septic system to the cost basis of your house, which will reduce your gain on the sale.
Check out the TurboTax FAQ below for more details on the sale of your home:
No, replacing the septic system to meet current state regs is not a deduction on your Tax Return.
However, you will add the cost of the septic system to the cost basis of your house, which will reduce your gain on the sale.
Check out the TurboTax FAQ below for more details on the sale of your home:
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