Regular maintenance and repairs fix current injury or forestall deterioration. Their purpose is to bring the property back to its baseline condition. By distinction, a capital improvement enhances the property or increases its worth. Capital gains taxes range from 0% to 20%, relying on factors like your income and how lengthy you’ve owned the property.
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Our specialists agree that now’s the time to do what you need to do to make your house comfortable—without going overboard. “I don’t think we are going to see a drastic…