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Subject:  New well dug- tax deductible? Date:  7/18/2012  4:42 PM
Author:  BobbysPapa Number:  116426 of 131416

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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