Fax : 907-646-3605
Address: 561 E 36th Ave Ste 200, Anchorage, AK 99503
U.S. taxpayers have enjoyed specific tax benefits on home ownership since personal income tax was introduced by the 16th amendment in 1913. While these benefits may not be the primary reasons motivating a person to buy a home, they are still tangible and not available to tenants.
A good record should be kept of capital improvements and it needs to be documented with receipts and canceled checks. To avoid controversy at some point in the future, a photograph could help prove that the improvement was actually made.
Our "Free Tax Guide" has lots of information about home ownership and taxes and includes an interactive Capital Improvement Register and Worksheets.
Please contact us and request a "Free Tax Guide". We will send it by email as a PDF file.