- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If you sold your home, you can deduct:
- Home improvement costs (permanent changes) as an adjustment to the basis of the home you sold (not the same as repairs and maintenance)
- Mortgage interest and real estate/property taxes charged at closing
- Selling expenses to reduce your gain on the sale side of the home
If you sold a home that you use as a rental or investment property at a loss, you might also be able to deduct it as a loss. @jimavera
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 2, 2025
5:15 PM