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Get your taxes done using TurboTax
The answer to your question is yes. I sold my home, what can I deduct?
Any home improvements that are permanent changes will be added to basis of home sold. Any repairs such as painting changing carpet etc. can also be written off as expense of sale. Remember the 1st time home exclusion. If you are single your earings can be $250,000 tax free If married $500,000.
‎October 30, 2024
10:40 AM