341756
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

wzolla86
New Member

I do not know where to enter improvements and repairs made when fixing up a home I sold in 2016.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DianeW
Expert Alumni

I do not know where to enter improvements and repairs made when fixing up a home I sold in 2016.

These costs for improvements are added to the cost basis of the home that was sold to reduce the gain on the sale. Capital improvements become part to the cost of the home.  Repairs and maintenance are not deductible on your main home (cleaning, utilities, painting, repair to a roof versus replacing a roof, etc).

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question