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What form do I use for income tax for windows and installation to weather proof it?

2007-02-02 13:17:33 · 1 answers · asked by eileen_erdman 1 in Business & Finance Taxes United States

1 answers

If this is your personal residence there is no deduction for the windows. You add their cost to the basis for the house which will reduce the gain when you sell.

If you took out a home equity loan to pay for them, the interest on the loan may be deductible.

2007-02-02 13:27:26 · answer #1 · answered by Bostonian In MO 7 · 0 0

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