Can i claim re-siding and new windows that i installed in my home last year?

[DS30]

Unfortunately there is no deduction for capital improvements to your personal residence.

However , you will be able to increase the cost basis in your home by the amount of these capital improvements .

There is also a credit and additional itemized deduction that might be available to you for these capital improvements:

Your home improvements may qualify you for a nonbusiness energy tax credit (depending on your specific tax situation)

Please refer to this link for more information about this credit:

https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Which-Home-Improvements-Qualify-/INF12...

To see if you are eligible for a your home energy tax credit in TurboTax Online or Desktop, please follow these steps:

1. Once you are in your tax return, click on the “Federal Taxes” tab
2. Next click on “Deductions and credits”
3. Next click on "jump to full list" or “I’ll choose what I work on”
4. Scroll down the screen until to come to the section “Your Home”
5. Select - Home energy Credit and start. Let TurboTax guide you on entering this information.

Also, if you are claiming a sales tax deduction in your home state , you can include the sales tax paid on building materials as a major purchase under this section.

A few things to remember about this major purchase deduction, you will only get this extra deduction if:

• The sales tax rate on this major purchase needs to be the same rate as your state's general sales tax rate.
• You are taking the state's sales tax deduction as opposed to the state's income tax deduction.
• You itemize on your return.

To enter your sales taxes and major purchases in TurboTax Online or Desktop, please follow these steps:

1. Once you are in your tax return, click on the “Federal Taxes” tab ("Personal" tab in TurboTax Home & Business)
2. Next click on “Deductions & Credits”
3. Next click on "jump to full list" or “I’ll choose what I work on”
4. Scroll down the screen until to come to the section “Estimates and Other Taxes Paid ”
5. Choose "show more", then Sales Tax (start/update/revisit)
6. Choose - continue to sales tax and choose "Easy Guide"
7. If your state sales tax information is already entered you will need to edit it to enter your major purchases information.
8. On the screen that says Major Purchase - select "yes"
9. Enter your building material information and sales tax here on the next screen. (screenshot)

As noted above: you are only allowed the major purchase additional sales tax amount if the sales rate you used for your general state sales tax rate is the same sales tax rate on your major purchase.

So if you used a 8% general sales tax rate for your state, this would have to be the same sales tax rate for your building material purchases. Just make sure that when you enter this information under the "Major Purchase" section, that your sales tax divided by your cost is your general state's sales tax rate.