Secondary residence- house painting. we sold a secondary residence in july 2017. we painted the house in june 2017 to prepare the house for sale. can we deduct this exp?

posted

No, general repairs are not deductible, they're just stuff you are supposed to keep up with.

Permanent improvements, on the other hand, such as a furnace or new roof, can be added to the cost basis and may reduce your capital gains.

Do you have an Intuit account?