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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.
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