I think you want to increase the cost basis to reduce your taxes.
Common improvements that might increase your cost basis include (but are not limited to)
- bathroom or kitchen upgrades
- home additions
- new roofing
- the addition of a fence or deck
- and various landscaping enhancements
You are also allowed to deduct from the sales price almost any type of selling expense, provided that they don’t physically affect the property. Such expenses may include:
- advertising
- appraisal fees
- attorney fees
- closing fees
- document preparation fees
- escrow fees
- mortgage satisfaction fees
- notary fees
- points paid by the seller to obtain financing for the buyer
- real estate broker's commission
- recording fees (if paid by the seller)
- costs of removing title clouds
- settlement fees
- title search fees, and
- transfer or stamp taxes charged by the city, county, or state governments
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