Where do I enter hoome improvements

laura-fenstermak · ‎June 3, 2019

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?

xmasbaby0 · ‎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.**

View solution in original post

xmasbaby0 · ‎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.**

Expert does your taxes

Do it yourself

Resources

Support

Where do I enter hoome improvements