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fallinbo
New Member

Can a credit be given for home asbestos removal?

Had asbestos in the home and they needed to be removed?  Can I claim ?

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Accepted Solutions
Jocelyn-TurboTax
New Member

Can a credit be given for home asbestos removal?

If the asbestos was removed from a rental property you can claim the costs of removing as an expense. If this is your personal residence there are currently no credits that would cover that claim.

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2 Replies
Jocelyn-TurboTax
New Member

Can a credit be given for home asbestos removal?

If the asbestos was removed from a rental property you can claim the costs of removing as an expense. If this is your personal residence there are currently no credits that would cover that claim.

Sarah_n_saroop
New Member

Can a credit be given for home asbestos removal?

Hello, is it considered a capital expense or a current expense? 

Thank you! 

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