we are about to begin an accessable remodel to our first floor. The IRS allows for deduction of all remodel for accessability, so our lundry room, new bath, ramps, lift etc. The dedcution is after the 7.5% AGI (Adjusted Gross Income) is exceeded and if it does not increase the value of our home.
We are looking at a 5 digit deduction which and I fear the IRS will wind up auditing us. I plan to have an appraisal before and after done. Has anyone gone through this? Any words of wisdom is greatly appreciated.