No. Repairs are deducted in the year they are made. If you had major improvements, those are added to the basis and help at the time of sale.
Here are some more
capital improvements:
- Remodels and room additions
(including decks and porches)
- New or upgraded landscaping,
irrigation, sprinkler system
- Hardscape such as pavement,
block or retaining wall, patio
- Fencing
- Swimming pool, spa
- Storm windows, doors
- New roof
- Central vacuum or security
system
- Upgraded wiring, plumbing,
duct work
- Central heating, AC,
humidifier
- New furnace, water
heater
- Filtration, soft-water, or
septic system
- Built-in appliances
- New flooring or wall-to-wall
carpeting
- Upgraded insulation
- Satellite dish
The cost of repairs,
on the other hand, is not added to your basis. Fixing a gutter, painting a room
or replacing a window pane are examples of repairs rather than improvements.
