@louisebthacker wrote:
Hi Mike,
Can you please point me to where I can find the reference to the 90 day period for expenses to improve property to sell it? I can't find reference to it in the tax code.
thanks!
There is no such tax code. In fact, when I responded here before, I search the web and found the paragraph Mike posted is an exact quote from several real estate web sites, but not any tax sites.
In fact, some time ago I found a reliable tax site discussion that specifically excluded "fix-ups". This was a discussion of staging costs. Staging costs are an allowable cost of sale as advertising expenses provided they don't make any changes to the home. Bring in the furniture and decorations but take them all away later. Any changes to the home itself are either improvements (which are allowable) or are repairs (which are not allowable). Repairs and maintenance are the expectation of everyone who owns property and you don't get special tax breaks for it.
