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Updated about 2 years ago,
How to deduct sump pump and french drains
Hi,
My rental property was having water issues, so I had sump pumps and french drains installed in order to mitigate and control the water. Is this considered an improvement or a repair in order to fix a problem my property has been having?
In addition, the cost was a few thousand dollars, so do I need to submit any forms like the 1099-NEC in order to get deductions for it?