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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: redfish who wrote (35265)	7/13/2005 1:10:14 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

Very little of the maintenance and repair I've had done on my home over the years would qualify as a capital improvement. Replacing roofs, repaving driveways, fixing a furnace, replacing an air conditioner, landscaping, painting, new carpet, refinished floors---these are considered routine maintenance, not capital improvements. I'd have to practically build an addition onto my home (actually "adding" capital to the property), before I get any break at tax time.