Profile picture for spanky25

Tax Deduction for abandon oil tank?

Abandend oil tank that was buried. Its not above ground. Tax deduction for the cost? Eviromental reasons
  • June 26 2009 - Holbrook
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Answers (1)

Profile picture for real estate mike
Just my opinion, but if you're asking if a company incurs an expense doing environmental cleanup then wouldn't that expense be written off? Contact your c.p.a.!
  • June 26 2009
  • 0Yes

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