Sold a home in 2022, where do I list costs to improvements the home that would reduce the tax on the capital gains over $250K
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I understood the improvements I made to the home to sell it would reduce the capital gains tax burden. I do not see a place to add these costs.
You just add capital improvements cost to your cost basis and report that adjusted basis on your return. Keep the details for your records.
I'm working with the Turbotax software, I don't see how to report this adjustment. Can you offer any further recommendation based on options available in the Turbotax software?
Thank you, I was able to sort this out.
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