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[[If I buy an investment property will I receive the same tax break as if I were
buying a home to live in?]]

When you say "investment property", are you talking about residential or commercial rental real estate?

If you are, your tax "breaks" are much greater than owning your own home.

[[ Is the tax break just based on owning a home or is it based on how much the
home costs? I'm curious because I can't afford a home where I live, but am
considering buying an inexpensive piece of property a couple hours from where I
live and renting it for the tax break.]]

But the tax break might not be worth the effort. Don't buy ANYTHING just for a tax break. Buy it because it is a good investment, and you MAY receive some beneficial tax treatment.

Anyway, you'll have a lot of backround reading to do in order to understand rental real estate. Check out the IRS web site and read IRS Publication 527.

TMF Taxes
Roy

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