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Rental Expenses

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  4. Are the costs for improving and repairing my house deductible?

Are the costs for improving and repairing my house deductible?

No. House repairs and improvements on a personal residence are not deductible in the year paid. While the repairs are not deductible, the improvements should be added to the residence basis to be used in the eventual gain or loss on the sale of the residence calculation. Generally, residence basis would be the initial cost plus improvements from inception. Generally, Costs for improving and repairing your rental property are deductible in the year expensed.

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