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How long you have to live in your home before file it on your taxes?

 
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DawnC0
Intuit Alumni

How long you have to live in your home before file it on your taxes?

You don't ever have to report your home on your tax return unless you sell it for a gain in the future (you will get a tax form if you do).  Mortgage interest and property taxes are itemized deductions that may benefit those who use itemized deductions instead of taking a standard deduction.  

However, you are not required to use itemized deductions and therefore are not required to report those expenses.  

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1 Reply
DawnC0
Intuit Alumni

How long you have to live in your home before file it on your taxes?

You don't ever have to report your home on your tax return unless you sell it for a gain in the future (you will get a tax form if you do).  Mortgage interest and property taxes are itemized deductions that may benefit those who use itemized deductions instead of taking a standard deduction.  

However, you are not required to use itemized deductions and therefore are not required to report those expenses.  

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