I bought a principle residence on 27 dec but didnt sell the 1st principle residence until jan 10,2019 can i wait until 2019 taxes to report purchase of new residence

lori-connolly · ‎June 1, 2019

xmasbaby0 · ‎June 1, 2019

You do not report purchasing a house as your residence. The only thing you enter in regard to home ownership is mortgage interest paid, loan origination fees and property taxes paid. The actual purchase is not anything you enter on your tax return. If you paid any pre-paid interest or loan origination fees or property taxes in 2018 for that new house, those go on your 2018 return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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xmasbaby0 · ‎June 1, 2019

You do not report purchasing a house as your residence. The only thing you enter in regard to home ownership is mortgage interest paid, loan origination fees and property taxes paid. The actual purchase is not anything you enter on your tax return. If you paid any pre-paid interest or loan origination fees or property taxes in 2018 for that new house, those go on your 2018 return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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I bought a principle residence on 27 dec but didnt sell the 1st principle residence until jan 10,2019 can i wait until 2019 taxes to report purchase of new residence