Deductions & credits

Thank you, I appreciate your answer.

 

With respect to documentation of improvements, she lost the paperwork for the pool installation, but remembers the cost from 1981 (considering inflation, the amount she has given me seems in-line or even low in 1981 dollars).

 

Question: Should we forego adding the pool to the cost basis just because we don't have the actual pool contract/records anymore?

 

In general, how specific do we need to be with respect to improvements for a home owned for such a long period? Her records are spotty on a couple of items.

 

Thank you for your time.