House repairs

What are my options when considering home improvements/repairs. Do I have to claim them in the year they are done or can I wait until the sale of the house.

posted

Home improvements and repairs are not tax deductible until you sell the house. When you sell the house they are added to the cost of your house to decrease your profit. If you put more into fixing the house and you sell for a loss, you get no extra deduction for the loss.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"