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May 16, 2020
Question

If you replace an item more than once can you include both in your house basis

  • May 16, 2020
  • 1 reply
  • 0 views

If you live in a house long enough, you end up replacing items like water heaters or refrigerators more than once.  Can you add all of them to your house basis or do you have to deduct the one replaced?

    1 reply

    Critter
    Employee
    May 16, 2020

    Yes it adds to your basis ... many things may be replaced more than once the longer you live in the home.