When using turbo-tax, where do I enter deductions for improvements and repairs on my second home?

Question

This home is not being used as a rental.

Answer 1

You don't. They are not deductible expenses.

Keep the receipts though. When you sell, the cost of improvemements can be added to your basis to figure how much taxable gain you have. The cost of repairs can't be used there either - that's a personal cost of owning the property.

Answer 2

I don't believe that repairs and improvements to a home are tax deductable. I've owned a home for years and have not ever been able to deduct home repairs or improvements. You may want to contact the IRS and find out if they are deductible.