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    deduction on huge repair bill?

    robg; can you please explain?; If this is a substantial knock-down and rebuild, then its a capital cost, otherwise if it is to make the wall "better than it was" then its an improvement. both seem to lose...... i believe it will be the removal of the existing wall and it's replacement. it's...
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    deduction on huge repair bill?

    hi all ms jade, getting the structural engineer to give me a report as to a time frame is a good idea, thanks. i am a little confused though jrc, what do you mean about how the work is done? i've had engineer's drawings done and contacted builders for quotes. five sets of drawings went...
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    deduction on huge repair bill?

    i've owned it since 2002 and was not aware of the issue until the tenant complained about a different problem. when i had engineers in to look, they told me about it. seems insurance won't cover it...
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    deduction on huge repair bill?

    i don't know if it was present when i bought it. i've certainly only been aware of it recently. and yes, it seems that the entire retaining wall needs to be replaced as it may be dangerous....... as i have to use substantial funds to do the repair, it would be nice to think that i could...
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    deduction on huge repair bill?

    hi it seems that i will be up for a large repair bill (around $100,000) to rectify a structural defect in a commercial building i own. are the costs associated with it wholly tax-deductible in the first year as it is a repair? i've had drawings done and assume that they will all be classed with...
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