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Subject:  deductible home improvements? Date:  8/24/2001  7:53 PM
Author:  dswing Number:  53552 of 127753

Hi All,

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.

Any thoughts?


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