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December 20, 2020
Question

Are any of the expenses related to expanding our primary home deductible?

  • December 20, 2020
  • 2 replies
  • 0 views
We pushed out the main level and added a second level. Is anything about this tax deductible? Thanks!

2 replies

DoninGA
Employee
December 20, 2020

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

December 20, 2020

thank you!

Employee
December 20, 2020

Add those expenses to the cost basis of your home. There is no deduction now.