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Deducting The Right Way Homeowner s Journal Deducting The Right Way® Small Business

As a homeowner, you get tax breaks for your principal residence and second home.But you can8217t access the most valuable write-offs until you sell your house. That8217s right. Your major home improvements can save you money in capital gains tax.Sure, the IRS waives the tax on the first 250k (single) or 500k (married) of gain on your primary residence, but if you surpass it, then you8217re in trouble. You8217ll need to prove the profit is much smaller.This workbook outlines the steps required to protect your tax deduction. Plus, it has fillable forms to help track your adjusted basis 8212 the

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Deducting The Right Way Homeowner s Journal Deducting The Right Way® Small Business

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