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Updated about 6 years ago,
Water leak under foundation tax deductible ?
Hello guys, I have a general question. I am closing on a small multi family 4 plex next week. A couple of big ticket items that need to be worked on are : replace the roof, fix a water leak under the foundation, French drain to be installed and fence repair. Where and how can I check which one of these would be considered a tax deductible expense and which of these will fall under the depreciation component.
Thanks in advance