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drzehrung
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Can we deduct home improvements on the primary house that we sold, to show a net loss?

 
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MinhT
Expert Alumni

Can we deduct home improvements on the primary house that we sold, to show a net loss?

Yes, if you made improvements to the home, you can add the cost of these improvements to the cost basis of the home. By doing this you will reduce capital gains or increase capital losses when you sell the home.

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