Home improvements adds to the basis of the house when you sell it. To claim:
- Go to federal>wages and income
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Less Common Income>Sale of Home (gain or loss)>start
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Go ahead, answer the preliminary questions about addresses and so on and so forth.
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Then as you progress, you will arrive at the sales information, here you will report Date Sold, selling price, and sales expenses. Click on the expenses link that will let you know what to put there.
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Next will be a page where you will enter your purchase information.
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In the adjusted cost basis section is where you will report what you originally paid for the house plus the improvements made.
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Finish out the section.
@stokerdws
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