Blog :: 05-2014

Taxation: Maintenance vs. Improvements

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Taxation: maintenance vs. improvements? HOW you spend on your home makes a difference, when it comes to taxation and potential gains.

Repairs to maintain your homes condition are not deductible (unlike rental property owners who can deduct repairs as an operating expense).On the other hand, capital improvements to a home will increase the basis and therefore affect the gain when you sell, which [...]