The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/cmab72-regarding-your-remark-you-are-forgetting-12652543.aspx

Subject:  Re: Buying a home makes sense??? Date:  5/30/2000  7:00 PM
Author:  YJP386 Number:  11657 of 127262

cmab72,

Regarding your remark:

You are forgetting that you get to depreciate the home at 3% a year ( which on a 250K loan is a $7500 write off)....

I highly doubt that you're suppose to depreciate your primary residence. May want to check with the applicable IRS publication on your aggressive tax position.




Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us