Abandoned Building Renovation Deduction

Massachusetts allows certain businesses to deduct 10% of the costs incurred in renovating certain buildings located in an Economic Opportunity Area (EOA).

The buildings must be designated as abandoned by the Economic Assistance Coordinating Council. The renovation deduction may be taken in addition to any other deduction for which the renovation costs may qualify.

Please contact the Massachusetts Office of Business Development for further information at (617) 973-8600.

This deduction may be taken on:

  • Form 1 Schedule C, Line 30 or Schedule E, Line 57 or
  • Form 1-NR/PY Schedule C or Schedule E

 

Page updated: May 8, 2020

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