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reporting capital gains on a 2nd home
where do you account for improvements that have decreased the amount of capital gains for sale of a 2nd home on 1040? It doesn't seem to be a sales expense but perhaps that is how it needs to be considered? Do you just report a "lump" sum and then keep an itemized listing with receipts of the improvements? Thanks
‎February 1, 2025
12:37 PM