topic I bought a house is 2016 as a first time homebuyer. I put about 20k worth of renovations into it. Is there a way to write off these expenses? in Deductions & credits

I bought a house is 2016 as a first time homebuyer. I put about 20k worth of renovations into it. Is there a way to write off these expenses?

StewartS — Sat, 01 Jun 2019 06:51:56 GMT

Improvements to a personal residence, not used as a renta...

DoninGA — Sat, 01 Jun 2019 06:51:58 GMT

Improvements to a personal residence, not used as a rental or in a business, are not deductible on a tax return. The cost of the improvements to the residence are added to the basis of the home when it is sold.