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Get your taxes done using TurboTax
You could very well have a combination of what could be considered "repairs" and "improvements" (i.e., some expenses may need to be capitalized while others may be deducted in full immediately).
Regardless, if you decide to deduct any cost as a "1-time repair" you cannot also add that cost to your basis.
‎January 4, 2023
11:13 AM