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| Subject: New well dug- tax deductible? | Date: 7/18/2012 4:42 PM | |
| Author: BobbysPapa | Number: 116426 of 118626 | |
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Hi all! I live in NJ and recently my well went bad and I had to have another one dug. Total cost was about $5,150 out of pocket. I have an insurance claim in, but don't don't know how that will pan out. Is this expense tax deductible? I was given, along with the bill, a notice to sign Form ST-8, Certificate of Exempt Capital Improvement. I am not sure what this means. Thank you so much for your help! Mike in NJ |
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