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HomeBasis is a mobile app for homeowners that helps you track home improvements, store receipts, and estimate the tax impact of your home's cost basis. It's designed to help you save money on capital gains taxes when you sell your home.

Yes, HomeBasis is free to download and use. There are no subscriptions, hidden fees, or in-app purchases required to access the core features.

All your data is stored locally on your device. If you have iCloud enabled, your data can also be backed up and synced across your Apple devices through your personal iCloud account. We never store your data on our servers.

A capital improvement adds value to your home, prolongs its life, or adapts it to new uses — think kitchen remodels, new roofs, or adding a deck. A repair restores something to its original condition — like fixing a leaky faucet or patching drywall. Only capital improvements increase your home's cost basis and reduce your taxable gain when you sell.

No. HomeBasis is an educational and record-keeping tool. It provides general information based on IRS guidelines, but it is not a substitute for professional tax advice. Always consult a qualified tax professional or CPA before making tax decisions.

Open the app and tap the "+" button on your dashboard. Enter the project details including the description, date, cost, and category. You can also attach photos of receipts and invoices. The app will help you classify the project as a capital improvement or repair.

Yes. HomeBasis can generate professional PDF reports and CSV files that summarize your home improvements, costs, and cost basis calculations. You can share these directly with your CPA or tax professional from within the app.

If you uninstall HomeBasis, all locally stored data is removed from your device. If you have iCloud backup enabled, your data may still be available in your iCloud account. We recommend exporting your records before uninstalling the app.

Yes. You can add and track multiple properties within the app. Each property maintains its own purchase details, improvements, and cost basis calculations.

The Section 121 exclusion allows you to exclude up to $250,000 (or $500,000 for married couples filing jointly) of capital gains from the sale of your primary residence, provided you meet certain ownership and use requirements. HomeBasis helps you estimate whether your gain exceeds this exclusion.