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Taxpayers spent $20,000 to add a garage and guest room to their principal residence, which was paid for by using part of the wife's inheritance
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Taxpayers spent $20,000 to add a garage and guest room to their principal residence, which was paid for by using part of the wife's inheritance from her dad. In addition to the $20,000 of construction costs, they paid their attorney $500 to prepare the construction contract with their contractor.
Are any of these expenses deductible from gross income?
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