Deductions & credits


@Hal_Al wrote:

"Deduct Home Repairs and Improvements. As part of selling, you likely made post-home inspection repairs to your house. While it may have been disheartening to make those repairs at the time, you can deduct the costs on your taxes as long as they were directly related to the sale of your house."

 

Reference: https://www.upnest.com/1/post/tax-deductible-when-selling-house/#:~:text=Deduct%20Home%20Repairs%20a....

 

Deduct as "expenses of sale" or add to your cost basis. 


I don't believe the 90 day rule for "repairs" exist anywhere in IRS regulations, publication, tax court cases or PLs, despite the proliferation of the rule on real estate and tax advice web sites.  I would like to see an actual IRS citation.

 

(I am not questioning improvements, no matter when made.  I am specifically questioning repairs.)