You'll need to sign in or create an account to connect with an expert.
Yes you can ... most people don't keep receipts religiously over 50 years however the IRS understands improvements have to be made so make notes/keep photos and keep them for 3 years in case the IRS audits the return.
if you don't have receipts how do you know their cost of the improvements? if this was your principal residence for 2 out of 5 years prior to sale, your entitled to exclude $250,000 of gain $500,000 if you are married.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
srfrgyrl
New Member
th8a
Returning Member
aprcox20
Level 3
buly
Level 1
username2000
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.