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tjdoerr39
April 15, 2025
Question

A sewer line backed up at my condo. It is a 2nd home & investment property. a total loss, & I paid a lot of $ to repair it. Can I deduct the cost of the remodel?

  • April 15, 2025
  • 1 reply
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1 reply

V
Vanessa A
April 15, 2025

If it is a second home, what type of investment property?  A rental?  Going to sell it? 

In general, not you cannot deduct the cost of a remodel on a second home.  You can add it to the cost basis for when you sell it, it will lower your profit. 

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