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April 22, 2021
Question

Deductible improvements

  • April 22, 2021
  • 1 reply
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I’ve owned a townhouse for 16 yrs and want to sell can I deduct improvements that I did to the place towards my capital gains

    1 reply

    April 22, 2021

    The costs of capital improvements, but not repairs, are added to your cost basis which in turn will lower your capital gains.