Thanks Hal. Do I register these costs with any entity e.g. IRS or county right after re-modeling, or do I just collect and store the receipts ? Sounds like I will have to store them for a very long time (till I sell or rent the home?). Is that correct? Just double checking since it sounds like I have to be very careful about storing the receipts since it may be 10, 20 .. 30 yrs or longer before I sell/rent the home.
