Do you know if Home Improvements are Tax-Deductible?
One of my clients had approached me to ask if I would represent them in the sale of their home. However, before doing so, they told me that they needed to add a new roof. That's great I said because, when marketing the home highlighting that a new roof had been added would be an attractive selling point to potential buyers.
My client had asked me if I knew if adding a new roof would be tax-deductible. I told him that I had recently shared an article on my social media about this topic. The article was titled "Are Home Improvements Tax Deductible?" by Rismedia.com.
In the article it described for tax purposes, the definition of a home improvement and what type of work to your home would be considered a home improvement. The article said that there are specific circumstances when a home improvement maybe tax deductible. Whether or not a home improvement is tax-deductible, however very much depends upon how you use your home. For example, if your home is solely used as your primary residence or if you run a business from your home or if you rent out part of your home.
I am by no means a tax expert, so I shared this article "Are Home Improvements Tax Deductible?" with my client and advised him to seek additional advice from a Certified Public Accountant (CPA). If you're unsure about whether your home improvements are tax deductible, hopefully the article will shed some light on the matter.
If you need assistance with your real estate transaction now or in the future, please do not hesitate to contact me. You can call me anytime on 954-790-7706 or email me at email@example.com
Author:Sue Rowe Phone: 954-790-7706 Dated: September 9th 2019 Views: 67 About Sue: ...
View our latest blog posts in your RSS reader. Click here to access.
EXIT Realty Champions', Champions Gate Real Estate Office, by Reunion Resort Orlando, is a full service Real Estate Brokerage Office in Champions Gate, Davenport 33896, next to Reunion Resort in 34747. Search for homes for sale with our Realtors, local experts in Champions Gate, Reunion Resort, Kissimmee and Davenport FL. This being the main area for resort vacation homes that can be rented out to meet the Disney World Orlando>, Universal Studios and other theme park market.
Alternatively, if you are looking for a new place to live, Our Realtors can help you find the perfect home in the Orlando, Kissimmee, Davenport, Clermont area known as the Four Corners, where Osceola, Lake, Orange and Polk Counties come together, Next to Disney and the Theme Parks.
EXIT Realty Champions' Realtors in Champions Gate, have a cutting edge Digital Marketing Strategy to help you sell your home for top dollar available in today's demanding market.
Rest assured that EXIT Realty Champions will Champion your housing needs, whether buying or selling one of the biggest investments you have, your home.
How Can You Tell If A Davenport Vacation Home Is A Good Deal?That is a
"Steve Humphries was great to work with. Personable and knowledgeable. He helped us zero in on homes that met our criteria for a vacation rental property and negotiate the minimum price that actually got us the house. It is now a profitable, positive cash flow property that has already had an uptick in value. Steve was very helpful to us as Canadians buying in the US in terms of providing advice we needed and accommodating our last minute travel schedule. I expect to use Steve again personally for any additional revenue homes in the Davenport & Champions Gate area and have recommended him to friends. Well done Steve!"