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tax question: home improvement
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Thread created 02-26-2012 by randallF
0 Score 7 Replies 1,541 Views
Post #48002608 added 02-26-2012 7:05 AM by randallF in Archived Deals
hi all Long time lurker first time poster. I read at a few tax-related or tax-advice sites and am still confused. My wife and I put in a drainage system outside our house due to some nearby flooding...
tax question: home improvement
Expired
Thread created 02-26-2012 by randallF
0 Score 7 Replies 1,541 Views
Post #48026164 added 02-27-2012 8:17 AM by saladdin in Archived Deals
No. That's a repair maintenance cost of home ownership. Just like repairing a leaky roof. .
tax question: home improvement
Expired
Thread created 02-26-2012 by randallF
0 Score 7 Replies 1,541 Views
Post #48416486 added 03-13-2012 3:30 AM by dealgate in Archived Deals
I would claim it anyway for sure. Only thing that will cause issue is if you are audited, which is not likely. And even then worst case scenario is you pay back taxes and a penalty.
tax question: home improvement
Expired
Thread created 02-26-2012 by randallF
0 Score 7 Replies 1,541 Views
Post #48419962 added 03-13-2012 7:13 AM by saladdin in Archived Deals
You are advocating fraud. This what you teach your kids?
tax question: home improvement
Expired
Thread created 02-26-2012 by randallF
0 Score 7 Replies 1,541 Views
Post #48397158 added 03-12-2012 11:05 AM by randallF in Archived Deals
thanks :)
tax question: home improvement
Expired
Thread created 02-26-2012 by randallF
0 Score 7 Replies 1,541 Views
Post #48041080 added 02-27-2012 5:14 PM by Brian1 in Archived Deals
Do you have a business with a home office?
tax question: home improvement
Expired
Thread created 02-26-2012 by randallF
0 Score 7 Replies 1,541 Views
Post #48418302 added 03-13-2012 5:47 AM by afratki in Archived Deals
^^ Terrible advice, let's break the law. It's only bad if you get caught!
tax question: home improvement
Expired
Thread created 02-26-2012 by randallF
0 Score 7 Replies 1,541 Views
Post #48435088 added 03-13-2012 4:21 PM by csdx in Archived Deals
No, of course he wouldn't teach his kids that because he is just claiming to have kids for the deduction. It's ok because he hasn't been audited yet.

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