You do not report the purchase of a home on your tax return.
The usual tax deductions for owning a home are mortgage interest and real estate tax. Since you do not have a mortgage, your only deduction would be for real estate tax. Whichever one of you actually pays the real estate can claim the deduction. For 2025, the total deduction for state and local taxes is limited to a maximum of $10,000 per year ($5,000 if you are married filing separately). The maximum might be increased for future years by the tax bill that is currently being considered in Congress. The maximum applies to the total of real estate tax, personal property tax, and either state and local income tax or state and local sales tax. The deduction is an itemized deduction, so it will not reduce your tax or increase your refund unless your total itemized deductions are more than your standard deduction.
