If gain on sale of my home was less than $250K, is there any point or additional gain to my return to still enter all the home improvements dating back over decade?

kjzlane · ‎June 4, 2019

TurboTax determined my gain was under the 250K and I met all qualifications to not be taxed on gain EVEN BEFORE I attempted to enter any home improvements. There was a major home/kitchen removation in 2007 and then all the home improvements to prepare for sale. I have most collected but some particularly from 2007 would take significant time to find. Is there any point in my doing this?

ThomasM · ‎June 4, 2019

No, there's no point. If you've already gone thru the entry process and the entire gain is being excluded, then reducing the gain achieves nothing.

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If gain on sale of my home was less than $250K, is there any point or additional gain to my return to still enter all the home improvements dating back over decade?

Deductions & credits