The capital improvements are added to the purchase price of the home and listed as the adjusted basis of the home. There is not a spot where you list improvements. Since this is a second home, you would list it in the investment section.
You will enter it by doing the following:
- Federal
- Income
- Show More next to Investment Income
- Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
- Select Other
- Continue through and select second home for the type of investment
- Answer how you obtained it
- You will need to enter the selling price, dates and the cost basis (or adjusted basis) of the home
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
