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coronce
New Member

Can I add home improvement costs & repairs requested by the buyer to the cost basis or selling exp of my home that I sold in 2016, even if I don't have receipts anymore?

 
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PatriciaV
Employee Tax Expert

Can I add home improvement costs & repairs requested by the buyer to the cost basis or selling exp of my home that I sold in 2016, even if I don't have receipts anymore?

Yes, you may include repair costs required in order to close as Selling Expenses

However, you should make an attempt to document the expenses in case the IRS has questions. In most cases you need a copy of the receipts. But a statement from the contractor or service that provided the work may also be acceptable. As a last resort, ask the real estate agent who handled the sale for a statement on the value added to the home.

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1 Reply
PatriciaV
Employee Tax Expert

Can I add home improvement costs & repairs requested by the buyer to the cost basis or selling exp of my home that I sold in 2016, even if I don't have receipts anymore?

Yes, you may include repair costs required in order to close as Selling Expenses

However, you should make an attempt to document the expenses in case the IRS has questions. In most cases you need a copy of the receipts. But a statement from the contractor or service that provided the work may also be acceptable. As a last resort, ask the real estate agent who handled the sale for a statement on the value added to the home.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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