Yes, all of the costs included to receive the materials needed for a valid improvement. Shipping is very costly and can definitely be added to the cost of an item.
As long as the item is used to improve the house the purchases can be made by the homeowner or the contractor. The total purchase price of the improvements is added to the basis.
Canceled checks are a great way to document the cost along with credit card receipts and invoices from the contractor.
Please see this TurboTax tax tip for more information.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
