You'll need to sign in or create an account to connect with an expert.
No, there is no credit for adding a room to your residence. You do, however, keep track of all the costs because these costs can be added to the original cost of your home plus any other improvements made to the house, to increase your cost basis and lower any potential taxable gain when you sell.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jparens
Level 1
Nickstax15
New Member
KarenHL
Level 1
gallop19
New Member
hotdtax3
New Member
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.