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Home Improvements and Your Taxes - TurboTax Tax Tips & Videos

turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Home-Improvements-and-Your-Taxes/INF12010.html

You add the cost of capital improvements to your tax basis in the house. ... be able to add the cost of an addition to the house, a swimming pool, a new roof or a new ... the first $250,000 of profit on the sale of your principal residence is tax- free ...

Can I Claim a New Roof as a Tax Deduction? | People Of Our ...

peopleof.oureverydaylife.com/can-claim-new-roof-tax-deduction-7240.html

The cost of a roof installed on an owner's personal residence is not deductible as an expense in the year the expense incurs, but rather added on to the initial ...

Home Office Are Deductible - BizFilings

www.bizfilings.com/toolkit/sbg/tax-info/fed-taxes/expenses-related-to-home-office-are-deductible.aspx

Jan 10, 2015 ... Home Office Deduction Can Convert Personal Expenses into Business ... Business portion of utility and maintenance costs can be deducted. ... place with clients (who presumably view the lawn as they enter the residence.) .... For example, if you put on a new roof or buy a new furnace for your home, you ...

Are Home Repairs Tax Deductible? | Nolo.com

www.nolo.com/legal-encyclopedia/are-home-repairs-tax-deductible.html

If you use your home purely as your personal residence, you obtain no tax benefits ... a new roof on your home, adding a deck, installing a new heating system, ... If you qualify for this deduction, you can deduct 100% of the cost of repairs you ...

Can I Deduct My New Roof on My Taxes? | TaxAudit.com Blog

blog.taxaudit.com/can-i-deduct-my-new-roof-on-my-taxes/

Oct 22, 2014 ... If the roof is on your primary residence − or on another home, such as a vacation home, that you use for personal purposes − then the cost of ...

Cost Basis - Personal Residence

www.costbasis.com/otherassets/personalresidence.html

What is the cost basis for my personal residence? ... Typical improvements in this category would include: roof replacement, boiler, air conditioning compressor, ...

Tax differences between home repairs & home improvements - Don't ...

dontmesswithtaxes.typepad.com/dont_mess_with_taxes/2014/09/tax-differences-between-home-repairs-and-home-improvements.html

Sep 3, 2014 ... ... to keep it from getting to this point. Photo by Julie Zamostny via Flickr. Tax saving home costs: My routine residential upkeep situation...

8 Home Tax Deductions That You May Not Have Known About (GIFs)

www.huffingtonpost.com/2013/03/24/home-tax-deductions_n_2939510.html

Mar 24, 2013 ... ... conditioning or putting on a new roof, that add value and prolong our house's life. You can't necessarily deduct these costs, but you can add the price ... If you move more than 50 miles to a new full-time job in the same line of ... of these deductions only apply to a primary residence, and some deductions ...

Sale of a Principal Residence - The Tax Prophet

www.taxprophet.com/archives/pubs/prres_nl.html

The sale of a principal residence is probably the most significant tax transaction ... 1034 will apply to the extent the cost of the new residence exceeds the ... of air conditioning, a new roof, furnace or fireplace) are not fixing up expenses, but are  ...

Tax Credits to Replace Your Roof - HouseLogic

www.houselogic.com/finances-taxes/taxes/tax-credits-replacing-your-roof/

There are tax credits for replacing your roof. ... The average cost of an asphalt roof, which should last about 20 years, is $7,600, according to the “2015 ...

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Can I deduct the cost of roof replacement from federal or Alabam ...

ttlc.intuit.com

You cannot deduct an improvement to your personal residence on a federal tax ... storm and we replaced most of the decking along with the shingles on our roof.

Determining Your Home's Tax Basis | Nolo.com

www.nolo.com

However, losses incurred on the sale of a personal residence are not deductible. ... However, you may not add the cost of your own labor to the property's basis. Add the ... walkways, driveway, kitchen upgrades, plumbing upgrades, new roofs.

What Home Improvements are Tax Deductible? | Nolo.com

www.nolo.com

These include room additions, new bathrooms, decks, fencing, landscaping, ... walkways, driveway, kitchen upgrades, plumbing upgrades, and new roofs. ... as your personal residence, you cannot deduct the cost of home improvements.