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(not a question, just an anecdote)

Planning to sell my house soon, just had a chat with a Realtor who also plans to sell & move about the same time. She said, "I'm going through 25 years of receipts to figure out how much I spent on improvements, to add to the basis. I suggest you start doing that, too. It's a big job."

Um, I've been doing that all along. Every time I spent something on the house, into the spreadsheet it went, with the receipt into the file cabinet. I'll have to do another pass because:
- Some things, such as paint, new roof, etc, don't count as capital improvements; they're considered maintenance; and
- Some maintenance items, such as paint, do count if they're done within (how many days/months?*) of sale. But I won't know for sure what the sale date is until after settlement, so I'm postponing revising my spreadsheet.

The second pass should be pretty quick. I'm just astonished that someone who sells houses for a living hasn't kept on top of her own records. Well, at least she saved them. But going through 25 years' worth of receipts?! Yikes!

* I haven't checked yet, will do.
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