Learn · 1.14 · Is cost seg for me?
Does my yard count?
Some of the largest deductions grow in the yard.
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Hi, we're Unlevered. We help homeowners and real estate investors claim every tax deduction their property can support. Today, let's look at the yard. Did you know that some of the largest tax deductions grow in the yard? Someone paid for every hydrangea, every bed, and every yard of mulch.
Anything planted is 15-year site work, and with bonus depreciation, it can be deducted right away. Native plants are part of the land, and can't be depreciated.
At the Salt House, on Cape Cod, Massachusetts, we mapped the yard plant by plant, and priced each one from a Massachusetts nursery. A five-gallon hydrangea, $200. A ten-gallon rhododendron, $700. Then the beds, the mulch, and the gravel.
Add it all up, and the yard holds about $30,000. That's on a 768-square-foot cottage. Wondering what your yard is worth? Visit unlevered.io, and start your estimate today. Illustrative: line items at study prices; fence and drainage not shown. Land improvements: Rev. Proc. 87-56, asset class 00.3. Bonus depends on the placed-in-service date. Not tax advice.
Unlevered is not a CPA firm; your CPA files your return.