Thank you. Yes, I believe we are talking about capital improvements. So when I do my taxes, is there a section for this? And is this a tax deduction?
We have added a bedroom, added a bathroom, upgraded the flooring, added ac/heat in new area. Upgraded wiring, added ridge vents to roof, etc.
Therefore do I use the bills from the contractor to substantiate? Will everything need to be itemized? If so, I will need to get better receipts from the contractor.. as he has things written in lump sums.
