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chrisandyulia
New Member

We finished our basement this year. is some of it tax deductible? being that its more efficient?

 
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xmasbaby0
Level 15

We finished our basement this year. is some of it tax deductible? being that its more efficient?

Home improvements to your own home are not deductible.  They add to the cost basis for when you sell the home someday, so save your records.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0
Level 15

We finished our basement this year. is some of it tax deductible? being that its more efficient?

Home improvements to your own home are not deductible.  They add to the cost basis for when you sell the home someday, so save your records.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

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