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mari
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Bought our home in October 2017. Can I wait til next year to claim the new home purchase?

 
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Bought our home in October 2017. Can I wait til next year to claim the new home purchase?

The purchase of a primary personal residence is not reported on a tax return.  Only when the personal residence is sold would the sale be reported and then only if required based on the capital gain exemption or length of time used as a residence.

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Bought our home in October 2017. Can I wait til next year to claim the new home purchase?

The purchase of a primary personal residence is not reported on a tax return.  Only when the personal residence is sold would the sale be reported and then only if required based on the capital gain exemption or length of time used as a residence.

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