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Are there any tax benefits to installing a residential elevator or lift?

April 26, 2017Benefits elevator lift Residential tax

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Are there any tax benefits to installing a residential elevator or lift?

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If the purchaser can obtain a doctor’s letter stating that the lift is a medical necessity or required for other medical reasons you may have the ability to write off a portion of the lift in the year purchased from your federal income tax. Please consult with your tax accountant/attorney on this matter.