Miss Mazza asked:

We completely redid our bathroom ourselves. Can we claim any of it when we itemize. We saved all of the home depot and lowes receipts. They add up to about $800. Also, we have a few receipts from the December of 2009 that we never claimed. Can we claim those on our 2010 taxes? Thanks!
Ok, thanks!

KRT asked:

Is this a $3000 personal loss I can carryover year to year? He basically took our money for very very poor work we had to re-do all over.

k9resq asked:


We have serious IRS problems and more to come. Can the IRS take our home we are remodeling? Can we put it in our names and it still be safe?

JohnDoe asked:

Our family may be appearing on a kitchen remodelling show in the near future. Are we going to have to pay a gift tax on the portion of the remodelling we do not contribute financially to? For example, we contribute $5,000 towards a kitchen, and the TV network creates a kitchen worth $20,000. Will we owe taxes on the difference?
If it is claimed as income, is it claimed at the same percentage as my fulltime job?

country girl1 asked:

We moved from Florida to Tennessee last year. We improved house in florida before selling. We did not live in Florida house for full 24 months so we are being charged capital gains. We were told we could not claim remodeling/repair costs of house in Florida. Also when we moved to TN., after living in it for only a few months,we sold the first home(duplex)we purchased in TN.,to buy a house with a back yard.
We were informed by our tax prep lady the duplex could not be counted or we could not claim the loss on the house in Florida due to Tennessee tax laws.
Why are we unable to claim the cost of remodel on first house in Florida which includes home remodeling and cost of new water well. Can anyone help to clarify the real estate tax laws in state of Tennessee?

tricia m asked:

I have made several upgrades, new windows, exterior doors, bathroom vanities, closet doors, baseboards, carpet, paint etc.

MaryUm asked:

If I am purchasing all the material for the remodel from them (cabinets, tile, sinks etc) and they are installing everything, do I have to pay sales tax on those products? What about the labor, is that taxed? I am confused about “capital improvement”.

P.S. I live in New York

jonnyboy asked:

I just bought a home that needed some serious remodeling before I move the family in. Come tax time, what can be deducted, other than the interest on the loan?

Dan asked:

I did extensive work to my home I live in this summer..roof, windows, plumbing are they tax deductable?