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Posted by Stuart A. Bronstein on June 6, 2006, 7:29 am
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sethb@panix.com (Seth Breidbart) wrote:
>> sethb@panix.com (Seth Breidbart) wrote:
>>>> Yes, a new pool and kitchen remodel are excellent examples
>>>> of "improvements" for which the cost can be added to your
>>>> basis. But painting, tree trimming/removal, etc., are
>>>> _maintenance_ items -- not improvements.
>>> But if done immediately before selling (in order to sell
>>> faster/at a higher price), can they then be considered
>>> selling expenses?
>> Doesn't matter (though probably not). Whether capital
>> improvements or selling expenses the amount spent reduces
>> total taxable income.
> Painting isn't a capital improvement, but I believe that
> painting in order to sell reduces the taxable amount.
Yeah, I had misread the post I responded to. Ignore it if
you can.
Stu
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