topic I added a room on to my house last year do I get credit for this? in Investors & landlords

I added a room on to my house last year do I get credit for this?

travianl — Thu, 06 Jun 2019 13:33:47 GMT

For personal reasons? No.

SweetieJean — Thu, 06 Jun 2019 13:33:49 GMT

For personal reasons? No.

No, there is no credit for adding a room to your residenc...

Anita01 — Thu, 06 Jun 2019 13:33:50 GMT

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.