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Updated over 4 years ago on . Most recent reply presented by

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Chad S.
  • Rochester, MI
50
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88
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Deducting a new septic system.

Chad S.
  • Rochester, MI
Posted

I have a septic system that has failed and needs to be replaced.

Could I deduct this as a repair instead of a improvement, since I have no choice but to replace it?

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Paul Ewing
  • Investor
  • Boyd, TX
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Paul Ewing
  • Investor
  • Boyd, TX
Replied

Not a CPA but my understanding is that it is the same as replacing any other improvement like HVAC system or roof.  You have to depreciate it out. 

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