You'll need to sign in or create an account to connect with an expert.
If you are preparing your home for sale and made major improvements such as remodeled the kitchen or replaced the roof, you can add these to the cost basis to deduct from the profit when you sell the home. You cannot take a deduction prior to the sale of the home for personal residence.
The cost of improvements to your personal residence, not used as a rental or in a business, is not deductible on a tax return. The cost of the improvements is added to the basis of the home when it is sold.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
KIMBERLYJOSTALL
New Member
Jules5080
Returning Member
rlapikas
New Member
rdgwhere
New Member
brenda-lawson28
New Member