Property Upgrades

gregdawn7 — Tue, 10 Mar 2026 06:59:29 GMT

Re: Property Upgrades

xmasbaby0 — Wed, 16 Nov 2022 17:53:53 GMT

This is not live chat and we cannot see your screen. Could you elaborate so we know how to help?

Re: Property Upgrades

gregdawn7 — Wed, 16 Nov 2022 18:04:48 GMT

When selling a primary home what property upgrades can be used to offset any capital gains. My home was purchased in 1974 for $56,000 and now is valued at $950,000 - a $894,000 value increase. I know I can deduct $500,000 (for my wife and I) leaving a $394,000 taxable gain. During the 48 years we have lived there we have added patios, retaining walls, block walls, new roof etc. What can be deducted and what proof is needed for these expenses over the 48 years?

topic Property Upgrades in Get your taxes done using TurboTax

Property Upgrades

Re: Property Upgrades

Re: Property Upgrades