@pk, thank you. As much as I'd love to count it as a "repair" I think the IRS is very clear that this should be treated as a "capital improvement." From the IRS...
Thank you for your reply. In regard to the exception I mentioned ("Choice to treat the debt as not secured by your home. You can choose to treat any debt secure...
@Carl, thanks for the thoughtful post.I will seek professional help from a CPA specializing in real estate, assuming that is the best professional to consult. F...
Thanks. I've edited my original postto reflect the fact that property was transferred from Estate to Beneficiaries in 2020, and that the previously outlined tax...
Thanks. Can you point me in the direction of where I can find more details on the IRS action you speak of? And do you know if/how such an expense was deductible...