Solved: How can I claim the renovations and new AC replacement on our new home?
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e-amoore93
New Member

How can I claim the renovations and new AC replacement on our new home?

 
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KristenG
New Member

How can I claim the renovations and new AC replacement on our new home?

If this new home is one that you are occupying, you will not be able to include renovation improvements as part of the cost basis for your home on your taxes until you sell the home.  You may find this article helpful to explain the process https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Home-Improvements-and-Your-Taxes/INF12...

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KristenG
New Member

How can I claim the renovations and new AC replacement on our new home?

If this new home is one that you are occupying, you will not be able to include renovation improvements as part of the cost basis for your home on your taxes until you sell the home.  You may find this article helpful to explain the process https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Home-Improvements-and-Your-Taxes/INF12...

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