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turpenpj
New Member

We upgraded our pipes from the old metal ones to the plastic non harmful ones. is that deductible?

 
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2 Replies

We upgraded our pipes from the old metal ones to the plastic non harmful ones. is that deductible?

No, that is not deductible if installed in a personal residence, not used as a rental or in a business.

MayaD
Expert Alumni

We upgraded our pipes from the old metal ones to the plastic non harmful ones. is that deductible?

If this is your personal residence, then, you can't deduct the cost of home improvements. These costs are nondeductible personal expenses.

However, they can help reduce the amount of taxes you have to pay if and when you sell your home at a profit. The improvements will increase your cost basis. 

 

A capital improvement is something that adds value to your home, prolongs its life or adapts it to new uses.

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