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Level 1
June 3, 2019
Solved

Where do I enter hoome improvements

  • June 3, 2019
  • 1 reply
  • 12 views
I upgraded my electric with a surge protector - $800. The question about does it add materially to my home. I would say yes. If I answer yes, does this mean it can be added to my taxes to help with tax deductions?
Best answer by xmasbaby0

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

1 reply

xmasbaby0Level 15Answer
Level 15
June 3, 2019

Home improvements to your own home are not deductible.  They can add to your cost basis for someday when you sell the house, 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.**