Expenses necessary to facilitate a sale; painting, installing new carpet, and landscaping are generally considered fixing up expenses.
Related information about fixing up expenses:
- Rules That Provided for Postponing Gain
For example, the costs of painting the home, planting flowers, and replacing broken windows are fixing-up expenses. Fixing-up expenses must meet all the ...
- Tax Planning Considerations for the Sale of Your Home
fixing-up expenses if incurred within 90 days prior to the sale of the home. Proper ... by the homeowner and qualified fixing-up expenses. Selling expenses ...
- Fixing-Up Expenses Definition | Investopedia
Any repair-related expenditures incurred during the process of preparing one's home for sale. This type of expense does not include major home improvements ...
- Fixing-Up Expenses: Definition from Answers.com
Fixing-Up Expenses Any repair-related expenditures incurred during the process of preparing one's home for sale.
- Sale of a Principal Residence
The adjusted sales price is the amount realized, minus fixing up expenses. ... The IRS has ruled that fixing up expenses are not deductible if the sales contract ...
- I have purchased a rental home. I can deduct up to $5000 in ...
Aug 22, 2010... determines how those "fixing up" expenses are treated - either as an addition to cost basis if prior to being available or as a current expense if ...
- How do I list the cost of repairs to a house to prepare it - JustAnswer
Mar 1, 2010 ... Fixing-up expenses include repairs and decorating that make the ... You subtract fixing-up expenses from the amount you realize from the sale.
- Home Ownership and Income Taxes Part I: Necessary Recordkeeping
Mar 21, 2011 ... What about "fixing up" expenses their effect on the a principal residence's ... The treatment of "fixing up" expenses and cost basis depends on ...