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naro37
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Deductions for home improvements Is a replacement washer, dryer and hot water tank deductable?

When selling a second home can a new hot water heater be added to the cost basis?

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Deductions for home improvements Is a replacement washer, dryer and hot water tank deductable?

Yes, a hot water heater can be added to the basis as it is an essential fixture to the home.  However, a washer and dryer are considered "personal property" and do not increase the basis as they are optional appliances.

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