Homeowner Tax Worksheet

Keeping track of the basis of your home helps determine the profit you have in a home. This Homeowner’s Tax Worksheet has complete instructions and is easy to calculate.

The most important thing is to keep a record of capital improvements you make to the home.  Basically, when you spend money on the home that isn’t the house payment, insurance, taxes or maintenance, it might be a capital improvement. Record it on the enclosed form and keep the receipt and cancelled checks for proof.  Years from now, when you sell the home, you’ll be so glad you did instead of having to reconstruct it from memory.

If you have any questions, call me.  If any of your friends are planning a move, I would really appreciate the referral.  Thank you.

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