MarilynG1
Expert Alumni

Deductions & credits

No, you can't deduct the cost of the Improvements you made, but you can add them to the Cost Basis of the home, which will reduce taxable capital gains. 

 

Here's more info on How Capital Gains are Taxed.

 

You don't mention whether your mother has passed; calculations of the property's Cost Basis may differ if so.

 

Here's more discussion of Cost Basis of Life Estate Property. 

 

 

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