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If the primary purpose of your home restoration is medical, then you can write off the cost of the repairs as a schedule A deduction
The removal of the mold is tax deductible, but the repainting and other repairs are not
Also, if the repairs increased the fair market value of your home, you can only deduct the portion that did not increase the value of your home.
See publication 502 for more details. http://www.irs.gov/pub/irs-pdf/p502.pdf
There is a section in this about lead based paint, and although this is not the same as mold the same type of rules would apply
So, to recap, you can deduct as medical expenses the cost of mold removal. You can only deduct costs that do not add to your home's fair market value. Only the costs of removal are deductible, and only to the extent that they exceed 7.5% of your AGI. You can review publication 502 for lead based paint, which is similar to mold in how it is treated.
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Sorry, never used this thing before and I didn't realize we had a chat going on.
I am a little confused by your answer. In multiple places drywall, cabinets and floors were wet/damaged by mold and had to be removed and replaced. So the cost of replacing all these can be written off, but not the painting cost?
But if I remove moldy kitchen cabinets, I can't write off the cost of replacing them, at least of the quality that was removed? Doesn't that constitute repairing the mold? Otherwise I'm left with an empty shell of a house.