thats a great question, I didnt even know that could be done !
AmyKay
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Re: First time home buyer and tax deductions
I'm not sure if home improvements can be deducted. I hope so
MrsTC
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Re: First time home buyer and tax deductions
if home improvements can be deducted - i will have to drive to the landfill to dig up my receipts! lol
DjPiLL
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Re: First time home buyer and tax deductions
You might want to have an accountant do your taxes the first year of owning the house just so you don't screw it up. I have done all my taxes every year... even with the co-op. But when I get a house... i am probably gonna have the accountant do it one year to see how he works it.
Valentinegirl
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Re: First time home buyer and tax deductions
I thought home repairs can be deducted but all my home improvements have been cash only so they don't charge tax. (Tree removal, and roof). Oh well.
janwinterbridejoy
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Re: First time home buyer and tax deductions
some types of home improvement can be deducted i see people do it all the time.
kimmie
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Re: First time home buyer and tax deductions
So much can be deducted definately have an accountant do your taxes its so worth it. Congrats on the house where is it in E NPT? Looks familiar...
AmyKay
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Re: First time home buyer and tax deductions
I'm just going to make a folder and keep every receipt we get. An accountant will be doing are taxes, that's for sure!
