Posts Tagged ‘Cost Basis’

Do trivial improvements to a home increase its cost basis?

Wednesday, August 20th, 2008
Houyhnhnm asked:


Unfortunately this is an academic exercise because I’ll never make $250,000 profit on a home, but I’d like to know if a minor improvement, like adding a $30 fan in the bathroom ceiling, raises the cost basis of a primary residence.

Thank you,
Houyhnhnm