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January 23, 2022
Question

Does re-carpeting the entire house count as a home improvement as defined by a home equity loan?

  • January 23, 2022
  • 2 replies
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None of the answers provided are relevant

2 replies

January 23, 2022

Re-flooring your entire home certainly qualifies as home improvement.  

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Carl11_2
Employee
January 23, 2022

Yes. It gets depreciated over 5 years. See IRS Publication 946 page 29. Carpet has a designated class life of 5 years.