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Best answer by TomD8

You can't deduct repairs or improvements to your personal residence.  But you'll be able to add the cost of the driveway to your cost basis when you eventually sell the property, thus reducing your potentially taxable capital gain.  So save your receipts.

1 reply

TomD8Answer
Employee
June 5, 2019

You can't deduct repairs or improvements to your personal residence.  But you'll be able to add the cost of the driveway to your cost basis when you eventually sell the property, thus reducing your potentially taxable capital gain.  So save your receipts.

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