I bought a new house last January, 2016. I had a pool built and paid for that. Where do I input this home improvement?

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I bought a new house last January, 2016. I had a pool built and paid for that. Where do I input this home improvement?

You will only be able to deduct any interest expense related to a loan on this home improvement. The actual cost of the home improvement is not deductible. However, you will be able to increase the basis in your home by the full cost of this capital improvement to your home.

You will enter any interest on a home equity loan under the home section under deductions and credits.

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