Q. I was told that you could deduct home improvement expenses until the year you sold your house. Is this true?
A. Home improvement costs generally increase your adjusted basis to your house and not deductible during current year. If you took a loan to pay for these improvements, the interests you paid are deductible. Also, if your home improvement is only repainting the house, it is not considered home improvement and you cannot add the costs to your adjusted basis regarding capital gain taxes. But if the repainting job is part of a bigger home improvement project, then it's ok to add the costs to the your adjusted basis.
Now make sure you keep very good records on the costs for home improvement so you don't run into problems when you sold your home and report it to the IRS.
Now make sure you keep very good records on the costs for home improvement so you don't run into problems when you sold your home and report it to the IRS.
What type of lincensing do I need to start a home improvement company?
Q. I want to start a home improvement company
in the state of Maryland
in the state of Maryland
A. You need an EIFN number so you can setup an LLC or some sort of corporation (See: http://www.maryland.gov/portal/server.pt?open=18&objID=419626&mode=2&cached=true ). You also need a Sales and Use tax certificate. The license info you need can be found here: http://www.dllr.state.md.us/license/occprof/homeim.html for home improvement.
why don't i have varited items and home improvement on virtual families on my ipod?
Q. on virtual families on my ipod when i click the store the only thing i have is food,upgrades,and some medicines the varied items not there and the home improvement items are not there either..how do i get them?
A. Making home improvements not only creates beautiful upgrades to your home but can also increase its overall value. Updating an old bathroom is one of the most profitable home improvements you can make.Adding casual living areas like a den or family room is a smart home improvement.Adding a second bath to a house can be a significantly profitable home improvement. I recommend you to visit :
http://newleafinvestment.com/
It may be helpful to you .
http://newleafinvestment.com/
It may be helpful to you .
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