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Capital gains

Where do I find a list of capital gain improvements which can be written off? 

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1 Reply
ES CPA
Employee Tax Expert

Capital gains

Good Day tomamy06,

 

Capital improvements to your personal residence can not be written off; they are added to the basis of your home and will help when you sell the home.  Capital improvements to a rental property can be depreciated, written off, over a specified period of time based on the type of improvement,

IRS Publication 530  has a list of improvements on page 19.  

 

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