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March 13, 2025
Question

Entering non-energy home improvement for sale of home

  • March 13, 2025
  • 2 replies
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    2 replies

    March 13, 2025

    If you are preparing your home for sale and made major improvements such as remodeled the kitchen or replaced the roof, you can add these to the cost basis to deduct from the profit when you sell the home.  You cannot take a deduction prior to the sale of the home for personal residence.  

     

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    DoninGA
    March 13, 2025

    The cost of improvements to your personal residence, not used as a rental or in a business, is not deductible on a tax return.  The cost of the improvements is added to the basis of the home when it is sold.