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