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Deductions & credits
Repairs are not deductible or an adjustment to the cost basis.
Permanent improvement, such as a new roof, new furnace, or new carpet, or an adjustment to your cost basis. When you enter the interview for the sale of your home, TurboTax will offer you the choice of using a guided assistant to determine your cost basis. Use the guided assistant, and enter your purchase price, your improvements, and other adjustments following the assistant.
Permanent improvement, such as a new roof, new furnace, or new carpet, or an adjustment to your cost basis. When you enter the interview for the sale of your home, TurboTax will offer you the choice of using a guided assistant to determine your cost basis. Use the guided assistant, and enter your purchase price, your improvements, and other adjustments following the assistant.
‎June 12, 2019
12:38 PM