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kennethlodar
January 30, 2025
Question

I HAD A NEW DRIVEWAY REPLACED IS THAT DEDUCTABLE

  • January 30, 2025
  • 3 replies
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    3 replies

    B
    BillM223
    January 30, 2025

    If this was a driveway attached to your personal residence, then no, it is not deductible.

     

    Instead, you add this amount to the basis of your home, so that when you sell your home, the gain is reduced.

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    X
    xmasbaby0
    Employee
    January 30, 2025

    Repairs or improvements to your own home are not deductible.  Save your records for someday when you sell the house.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    M
    Mike9241
    January 30, 2025

    if it was your residence, then no unless 1) if you have a home office, then a portion would be deductible or 2) it was rental property

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