The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: deductible home improvements?||Date: 8/24/2001 7:53 PM|
|Author: dswing||Number: 53552 of 124773|
I scrolled back quite a ways, and didn't see this question so I'll ask:
I own a home and rent out the basement as its own apartment. My residence is not an actual duplex, but rather a single-family home (one address) set up as two units.
A friend suggested I may be able to deduct some of my recent remodeling costs on this year's taxes -- I'm not sure how. They couldn't explain why, and I can't think of a reason this would be true.
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