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navyman
New Member

Can home owner claim improvements as a tax deduction ?

 Bath to shower conversion.
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Can home owner claim improvements as a tax deduction ?

Not a deduction but the expenses are added to the cost basis of the home. 

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3 Replies

Can home owner claim improvements as a tax deduction ?

Not a deduction but the expenses are added to the cost basis of the home. 

Can home owner claim improvements as a tax deduction ?

Remodeling or fixing up your own bathroom is not a deduction on your federal tax return, but save all the records of the expense for someday when you sell the house.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Carl
Level 15

Can home owner claim improvements as a tax deduction ?

Property improvements to your main home are not reported or deductible anywhere on your tax return. But it does add to your cost basis in the property. This will not matter until the tax year one of three things happens in your life.

1. You convert the property to a rental or other business use.

2. You sell the property.

3. You die.

Until then, you should file all paperwork concerning the improvement with the closing documents you received when you originally purchased/acquired the property.

 

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