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Deductions & credits
There isn't a hard fast rule for what counts as an improvement vs. a repair. If the above costs were undertaken in order to ready the property to a sell-able state, then they could be classified as an improvement.
See below for guidance.
http://www.dbbllc.com/newsletters/focus/mar2012/irs-clarifies-capital-improvement-vs-repair-expense
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‎June 6, 2019
2:32 AM