turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Sold home, can repairs be tax deducted prior to sale?

I am filling out turbotax and sold home out of state.
For seller expense, I include closing fee, recording fee, title fee and commission and seller concession.

But before I sold the home I had to do 30k in repairs. Is that deductible? If so what section in turbotax would I put this info in?
Does this increase my cost basis? Thanks

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Sold home, can repairs be tax deducted prior to sale?

Repairs on a home are not included in your selling expenses nor added to the basis of the home.  Only improvements to the home which added to the value are included in the basis.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies