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

e-amoore93 · ‎June 4, 2019

KristenG · ‎June 4, 2019

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...

KristenG · ‎June 4, 2019

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...