Home Renovation & basis adjustment

Mar 09, 2015 0 Replies

What expenditures can be added to the basis -- during the renovation?


  1. General construction including painting -- yes?


  1. Replacement of glass in windows -- material & labor? [The vacuum seal in some of the double-pane glass are broken.]

  2. Sand and refinish wood floor?


  1. Kitchen cabinets?

  2. Built in custom cabinets in other areas of home [can't take them with me if I move]?


  1. New kitchen appliances

  2. Replacement of 60-year-old through-the-wall air conditioner?


  1. Electrical outlets and wall plates?

  2. Ceiling lights & wall scones?


  1. Venetian Blinds?

  2. Hard-wired smoke detectors?


  1. Architect's fees?

  2. Gov't filing/permit fees?


  1. Washer/dryer?

  2. Housing and extra meal expenses during renovation -- NO?

TIA


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