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Personal Finances / Buying or Selling a Home


Subject:  Re: Buying a home makes sense??? Date:  5/30/2000  7:00 PM
Author:  YJP386 Number:  11657 of 128866


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.

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