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February 10, 2024
Question

How do I add the deduction for Class 4 Asphalt Shingle.

  • February 10, 2024
  • 1 reply
  • 0 views
for tax year 2023

1 reply

DoninGA
February 10, 2024

If installed on your personal residence, not used as a rental or in a business, it is not deductible on a tax return.  The cost of the improvement is added to the Basis of the home when the home is sold.