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April 15, 2025
Question

I sold an inherited second home. I made improvements on the home by having it painted and installed a new roof. Where EXACTLY do I enter those expenses in TurboTax?

  • April 15, 2025
  • 1 reply
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    1 reply

    KrisD15
    April 15, 2025

    Add that expense to the basis (the cost) when you report the sale. 

    Your basis will be the Fair Market Value on the date of the original owner's passing and the cost of the roof. 

     

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