KrisD15
Expert Alumni

Investors & landlords

If they are expenses to prepare your house for sale, they are not claimed anywhere. It is assumed you received compensation for those items in the sales proceeds. Only improvements could be added to your basis/cost of the home. Improvements are things that are "added" to the house, not things that are maintained or repaired. 

 

If they were done while it was still an active rental, they would be claimed on Schedule E. 

 

TurboTax link, "What is an improvement"

 

IRS link "Selling your home" 

"Examples of improvements you CAN’T include in your basis. You can’t include:

Any costs of repairs or maintenance that are necessary to keep your home in good condition but don’t add to its value or prolong its life. Examples include painting (interior or exterior), fixing leaks, filling holes or cracks, or replacing broken hardware.

Any costs of any improvements that are no longer part of your home (for example, wall-to-wall carpeting that you installed but later replaced).

Any costs of any improvements with a life expectancy, when installed, of less than 1 year."

 

 

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