SensibleandHour ly
Level 8
04-05-2023
08:26 AM
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Good morning,
Hmmmmm, client sold a home he picked up for a song originally intending it to be a rental. Made a tidy 80k when he sold it instead. He is convinced that he read 'somewhere' that if he put the profits into his primary residence to improve it, that it would be a write-off. Am I missing something here, because I would have thought the improvements would have had to have been made to the house he sold rather than the house he kept?
Thank you, Community!
**How many more days??????????**
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