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Deductions & credits
Don't rely on a roofer for tax advice. (You wouldn't hire a tax professional to replace your roof.) Are the roof and window for your personal home? If so, you cannot claim a tax deduction for the cost. The cost will be added to your basis when you eventually sell the home. That will reduce your gain on the sale, which might reduce the amount of tax you have to pay on the sale.
March 8, 2024
10:05 AM