Timeline for What maintenance/improvement costs can be included when calculating capital gain on sale of personal property?
Current License: CC BY-SA 3.0
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May 18, 2017 at 15:00 | vote | accept | Five Bagger | ||
Apr 24, 2017 at 21:03 | comment | added | Hart CO | This is mostly what I would have said, so just adding: There's no way to deduct time that makes sense as far as I know, but there may be a host of other expenses associated with the improvements that will offset basis, like mileage related to fetch parts/materials, shop expenses. Not sure if depreciation of assets can be deducted without filing it as a business. | |
Apr 24, 2017 at 20:43 | history | edited | D Stanley | CC BY-SA 3.0 |
added 198 characters in body
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Apr 24, 2017 at 20:35 | history | answered | D Stanley | CC BY-SA 3.0 |