https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-use-capital-improvements-that-i-don-t-have-receipts-for-the-expenses-to-offset-the-capital/01/1725552#M56441 I have owned the house for over 50 years, so documentation is scarce on many improvements. Can I use photos as evidence of capital improvements?<BR /><BR /><BR /><BR />/ Mon, 28 Sep 2020 11:14:12 GMT chris-renson 2020-09-28T11:14:12Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-use-capital-improvements-that-i-don-t-have-receipts-for-the-expenses-to-offset-the-capital/01/1725552#M56441 I have owned the house for over 50 years, so documentation is scarce on many improvements. Can I use photos as evidence of capital improvements?<BR /><BR /><BR /><BR />/ Mon, 28 Sep 2020 11:14:12 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-use-capital-improvements-that-i-don-t-have-receipts-for-the-expenses-to-offset-the-capital/01/1725552#M56441 chris-renson 2020-09-28T11:14:12Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-use-capital-improvements-that-i-don-t-have-receipts-for-the-expenses-to-offset-the-capital/01/1725581#M56442 <P>Yes you can ... most people don't keep receipts religiously over 50 years however the IRS understands improvements&nbsp; have to be made so make notes/keep photos and keep them for 3 years in case the IRS audits the return.&nbsp;</P> Mon, 28 Sep 2020 13:23:26 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-use-capital-improvements-that-i-don-t-have-receipts-for-the-expenses-to-offset-the-capital/01/1725581#M56442 Critter-3 2020-09-28T13:23:26Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-use-capital-improvements-that-i-don-t-have-receipts-for-the-expenses-to-offset-the-capital/01/1725780#M56455 <P>if you don't have receipts how do you know their cost of the improvements? if this was your<STRONG> principal</STRONG> residence for 2 out of 5 years prior to sale, your entitled to exclude $250,000 of gain $500,000 if you are married.&nbsp;</P> Mon, 28 Sep 2020 19:39:22 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-use-capital-improvements-that-i-don-t-have-receipts-for-the-expenses-to-offset-the-capital/01/1725780#M56455 Anonymous 2020-09-28T19:39:22Z