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ecmedley
New Member

Do I depreciate my home that I paid for it 25 years ago and add the amount of improvements i made in 2025?

How do I depreciate my home?
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2 Replies

Do I depreciate my home that I paid for it 25 years ago and add the amount of improvements i made in 2025?

You cannot depreciate a personal residence that is not used as a rental or in a business.  

The cost of any improvements are added to the basis of the home when it is sold.

DavidD66
Expert Alumni

Do I depreciate my home that I paid for it 25 years ago and add the amount of improvements i made in 2025?

You do not depreciate your home unless it is a rental property.  If it is a rental property, you would add the cost of the improvements to your cost basis (what you paid for the home) to determine your basis for depreciation.  If you sold your home, you add the cost of improvements to what you paid for the home to determine your basis and calculate any gain on the sale.

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