My husband & I married in 2003. He moved out of a mobile home trailer that he purchased in 1994 for $36,000 and lived in until we married in 2003. We have rented to family below fair market value the entire time. We sold that property in 2020 for $112,000. He made improvements to the property prior to 2003 that total $17,200. Can any of these costs be deducted from our capitol gains?
County roads -$10,000
Remodel of bath $1,500
new floors $400
New Roo $1,800
Tie downs $2,600 (needed to refinance and insure the mobile home)
Added badroom $900 (put up wallboard and installed window and closet)
Thanks,
Theresa
