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Get your taxes done using TurboTax
Be sure you understand the difference between a capital improvement and a repair. You can add the cost of capital improvements to your cost basis; you cannot add the cost of repairs.
https://www.investopedia.com/terms/c/capitalimprovement.asp
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎July 11, 2022
8:07 AM
1,427 Views