APPENDIX 1
Tax Aspects of Making Over Your Home and Selling It
One great perk of doing all the work outlined in this book is that if you’ve made improvements that increase your basis (add to your home’s value), you’ll get some tax breaks when you sell.
Typical improvements that increase your basis are:
For tax purposes, repairs that maintain the home in good condition or prolong its life don’t add to its value. Examples of these kinds of repairs ...
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