Capital Gains on house sale Sold my house for $1.1m on 2/2017. Purchased house for $420k in 1989. Profit is $680k. This exceeds my married tax allowance of $500k by $180k.
Upgrades to the house exceeded the $180k but I dont have receipts for this.
I do have before and after photos of all the improvements done to the house.
Will the IRS accept these photos instead of receipts for the $180k in upgrades? |