Look for this logo when considering your new roofing materials ... that the new
roof must be installed at the principal residence of the tax payer between ... The
Federal Roofing Tax Credit for Ener...
Unlike personal residences, the cost of new roofs installed on investment
property is not added to the cost basis of the property, except when the new roof
You add the cost of capital improvements to your tax basis in the house. ... sure
you'll be able to add the cost of an addition to the house, a swimming pool, a new
roof ... Unfortunately, losses on sales of personal residences are not deductible.
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 ...
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.
What is the cost basis for my personal residence? ... Typical improvements in this
category would include: roof replacement, boiler, air conditioning compressor, ...
However, losses incurred on the sale of a personal residence are not deductible.
... Your cost basis is the purchase price, plus certain other expenses. ... wiring
upgrades, walkways, driveway, kitchen upgrades, plumbing upgrades, new roofs.
Several variables factor into the cost of a new roof, including the size and ... “We'
ve done [asphalt shingle] roofs for the Housing Authority here in ..... I personally
think roof-overs should not be legal And this is for the homeowners best intrests.
Apr 11, 2014 ... Under the new rule, gain from the sale of a principal residence that is ... If you
bought your home, your original cost basis will generally include the ... putting up
a fence, putting in new plumbing or wiring, installing a new roof, ...
Sep 3, 2014 ... Tax saving home costs: My routine residential upkeep situation... ... and general
maintenance of your personal residence are nondeductible personal
expenditures. ... Replacing the whole roof is a capital home improvement.