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5 Answers

Can Home/property improvements be claimed on your taxes?

Asked by: posadas 481 views YA Discussion

We built a shed on our property this year, which costs us a little over $ 1000, among other things. Is this something we can claim on our taxes?


5 Answers



  1. Uncommon Sense on Jan 20, 2013 Reply

    Absolutely not!

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  2. Mary C on Jan 20, 2013 Reply

    I am definitely NOT a tax expert. Unless the shed was built for a business, it cannot be deducted. However, save your receipt. When you get ready to sell the property, I think the cost of the shed will be able to be included in the value of the home.

    I’m sure other posters will have more information about this.

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  3. kelby7670 on Jan 20, 2013 Reply

    When you sell the house, you can increase the basis by $ 1000 which will save on capital gains taxes.

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  4. Gerry S on Jan 20, 2013 Reply

    No. If you have any business deductions for the home (home office, etc.) you might be able to deduct a portion, but even that would be iffy when you’re talking about a shed.

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  5. David L on Jan 20, 2013 Reply

    Probably not. Unless you make energy saving improvements, the deduction may not work for you. However, you can look at the IRS website for more accurate information.

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