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March 2, 2025
Question

can you claim an addition to your home like a new garage?

  • March 2, 2025
  • 1 reply
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The expenses/money spent of an addition to the home like a new garage etc.?

    1 reply

    March 2, 2025

    No.

     

    You cannot claim an addition to your residence.

     

    The cost of the addition can be added to the cost basis of your home. This will help reduce your capital gains when you sell the home.

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