Tax credit for lead abatement

[Eric Dubrule]

In August of 2013 I paid $7,680 for lead abatement. I am eligible for $4,500 lead tax credit through the state of Massachusetts. My question is, do I still claim the 7,680 as a deductible repair expense or do I have to reduce this amount by the 4,500 credit I will receive?

[Steven Hamilton II]

Originally posted by @Steve Babiak:

@Steven Hamilton II - given the nature of lead abatement, it could be considered an improvement rather than a repair, and as such the net expenditure would be depreciable rather than deductible. Do you have any data that classifies this as one or the other?

Steve,

I agree with you on it being an improvement to be depreciated.