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Yes, exterior painting is typically considered a capital improvement if it enhances the property's value, extends its useful life, or adapts it for a different use. This classification applies when the painting is part of a significant renovation or upgrade effort rather than routine maintenance. However, if the painting is done solely for cosmetic reasons without significantly impacting the property's value, it may not qualify as a capital improvement for tax purposes. Always consult a tax professional for specific guidance based on individual circumstances.

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2mo ago

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