Repairs maintain your home in good condition. They do not add to its value or prolong its life, and you do not add their cost to the basis of your property. Some examples of repairs include repainting your house inside or outside, fixing your gutters or floors, repairing leaks or plastering and replacing broken window panes. The entire job is considered an improvement, however, if items that would otherwise be considered repairs are done as part of an extensive remodeling or restoration of your home. The kinds of property that can be depreciated include machinery, equipment, buildings, vehicles, and furniture used in a trade or business or to produce income.
Depreciation is a very complex subject.
If a taxpayer acquires stock pursuant to the exercise of an ISO and disposes of the stock in the same taxable year, the tax treatment for regular taxes and the alternative minimum taxes are the same. If you have a total net loss on line 18 of Schedule D that is more than the yearly limit on capital loss deductions, you can carry over the unused part to later years until it is completely used up. I received stock as a gift from my grandparents. I am selling the stock this year. If the FMV of the property was less than the donor's adjusted basis, your basis for gain on its sale or other disposition is the same as the donor's adjusted basis plus or minus any required adjustment to basis during the period you held the property.