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Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 1607
Experience:  Certified Public Accountant
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Is demolition for a farm building tax deductible?

Customer Question

I own a farm and have an old farm structure that I want to demolish in order to erect a new farm building in its place. Is the cost of demolition tax deductible? The structure will be used for farm storage.
Submitted: 3 months ago.
Category: Tax
Expert:  Mark Taylor replied 3 months ago.

Hi, my name is Mark. I will be happy to help you with your questions. Please give me a moment to prepare your response.