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April 12, 2022
Question

CAN I DEDUCT THE COST OF INSTALLATION OF IMPACT WINDOWS FROM THE CAPITAL GAINS IF THEY WERE DONE PRIOR TO SELLING MY CONDO. OR IS IT ALL CONSIDERED CAPITAL GAINS

  • April 12, 2022
  • 1 reply
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Bought the condo for 235000 , had impact windows installed 3 months later. Sold the condo for 287000. is it all considered capital gains

1 reply

Carl11_2
Employee
April 12, 2022

No. Your new windows are considered a property improvement. The cost gets added to your cost basis in the property.