RP-2017-60: safe harbor for homeowners whose deteriorating concrete foundations contained pyrrhotite

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November 22, 2017

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Issue Number: RP-2017-60

Inside This Issue

Revenue Procedure 2017-60 provides a safe harbor that allows an individual to deduct the amounts paid to repair damage to his or her personal residence caused by deteriorating concrete foundations containing the mineral pyrrhotite.

Revenue Procedure 2017-60 will be in IRB 2017-50, dated 2/11/2017.

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