755892
You'll need to sign in or create an account to connect with an expert.
Assuming that you purchased this new home as your residence, you can't deduct the flooring costs of the improvements except for the sales tax if you choose to deduct sales tax instead of state and local taxes.
While you might not have any tax consequence when you sell the home, it is still a good idea to keep receipts for your major improvements with your permanent records.
Assuming that you purchased this new home as your residence, you can't deduct the flooring costs of the improvements except for the sales tax if you choose to deduct sales tax instead of state and local taxes.
While you might not have any tax consequence when you sell the home, it is still a good idea to keep receipts for your major improvements with your permanent records.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
VRobinson13
New Member
semjeito
Level 2
lrp93
New Member
thecolonel61
Returning Member
CarlosZeBusDriver
New Member