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Updated almost 11 years ago on . Most recent reply

Andriy Boychuk's profile image
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Andriy Boychuk
  • Rental Property Investor
  • from Staten Island, NY
  • Member since Mar 12, 2013
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Andriy Boychuk's profile image
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Andriy Boychuk
  • Rental Property Investor
  • from Staten Island, NY
  • Member since Mar 12, 2013
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Andriy Boychuk
  • Rental Property Investor
  • Staten Island, NY
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Tax, SDIRAs & Cost Segregation

Tax deduction for gut renovation 1920 house

Andriy Boychuk
  • Rental Property Investor
  • Staten Island, NY
Posted

Hi,

I bought 1920 house and gut renovated it. Is there any tax deductions for renovating old house?

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Jacob A.'s profile image
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Jacob A.
  • Investor
  • from Raleigh, North Carolina
  • Member since May 18, 2013
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Jacob A.
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  • from Raleigh, North Carolina
  • Member since May 18, 2013
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Jacob A.
  • Investor
  • Raleigh, NC
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Jacob A.
  • Investor
  • Raleigh, NC
Replied

@Andriy Boychuk

Make sure you check your state tax code as well. Here in NC there are also credits that you can take on your state return for the restoration of historic homes.

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