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Submitted 813 days ago...

Ayana

New User (1)

Tax advantages to purchasing a house.

What are the tax advantages and disadvantages to owning a house. I am wondering if I should quit claim the house to my son before the year ends.

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Answer 1 / 1 - Submitted 806 days ago...

sidelko

Brain (3,439)

There are write offs you can take on the house for things like interest paid on the house. So it is a good thing to claim on your taxes.

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