If I installed new windows and a new roof , but I did not claim this my income taxes, can I still omit it? Or is the Standard Deduction of $24800, better .
03561
3 Replies
DoninGA
Level 15
Mar 25, 2021 9:01:20 AM
Improvements to a personal residence, not used as a rental or in a business, are not deductible on a tax return. You can add the cost of the improvements to the basis of the home when it is sold.
whitetiger818
Level 2
Mar 25, 2021 9:05:19 AM
This is my second home I own. Is claiming windows and roof for it is separate from the standard deduction