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Deductions & credits
Thanks, there are some changes going on at my workplace. I may be asked to move to another town (possibly in another state) where we have an office, but that is not 100% sure.
My boss told me to go ahead with house purchase since he is not 100% sure if I will be asked to move to another town or not. He feels if I am not asked to move, I can get a house where I am getting equity with each mortgage payment instead of renting.
A. If I buy a house then asked to move out of town for work reasons without being able to live in the house I bought, make mortgage payments for 6 months, then decide to sell the house, what are the tax matters I need to be aware of?
My boss told me to go ahead with house purchase since he is not 100% sure if I will be asked to move to another town or not. He feels if I am not asked to move, I can get a house where I am getting equity with each mortgage payment instead of renting.
A. If I buy a house then asked to move out of town for work reasons without being able to live in the house I bought, make mortgage payments for 6 months, then decide to sell the house, what are the tax matters I need to be aware of?
‎June 5, 2019
2:46 PM