Can money spent on home improvements/renovations be used as a deduction? These improvements were not energy efficient ones.

Forum|Forum|6 years ago
May 17, 2020
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TurboTax Self Employed Online

Best answer by xmasbaby0

No. Home improvements to your own home are not deductible. They may be added to your cost basis for someday when you sell the house. Save your records someplace where you will be able to find them when you need them.

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xmasbaby0Answer

Employee

No. Home improvements to your own home are not deductible. They may be added to your cost basis for someday when you sell the house. Save your records someplace where you will be able to find them when you need them.

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