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-
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 ... 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.
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.
If you build, or contract to build, a new home, your purchase price can include .....
you filed to exclude any discharge of qualified principal residence indebtedness;
... New roof. Central vacuum. Wiring upgrades. Satellite dish. Security system
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
The average cost of having a new roof installed is $6602, according to ... Average
Price of a New Roof · Cost of New Roof for a Personal Residence · Cost of ...
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 ...
Composition shingles are the most popular residential roofing material in the ...
Replacing a roof is a substantial undertaking, with an average cost of $7,600 for ...
You cannot simply deduct your mortgage or principal payments, or the cost of .....
Additions and improvements, such as a new roof, The same recovery period as ...