form deduction tax for exterior windows improvement?

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form deduction tax for exterior windows improvement?

2007-02-02 19:36:33 · 3 answers · asked by esfand a 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

There is no deduction for home improvements.

There may be an energy credit for certain energy efficiency improvements. Here's a link with more information: http://www.irs.gov/newsroom/article/0,,id=154657,00.html

2007-02-02 19:54:12 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

You can deduct it, but not until you sell it. Improvements are added to your "adjusted basis." When you sell your home, your gain equals the difference between the amount realized and your adjusted basis; therefore, your improvements lower your gain.

2007-02-03 03:48:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋

hai
try out this site for the information. u can get tax deductions

2007-02-03 07:12:37 · answer #3 · answered by Allan H 1 · 0⤊ 0⤋