I purchased a home in the state I am stationed in(Colorado) but my home of record is still South Carolina. Do I add the purchased home as a out of state gain/loss?

desiree-nicole33 · ‎June 1, 2019

TomD8 · ‎June 1, 2019

There is no gain or loss on a home until you sell it.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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TomD8 · ‎June 1, 2019

There is no gain or loss on a home until you sell it.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

viktoriyab11 · ‎June 1, 2019

No, the purchase of a new personal residence is not a reportable event.
You can deduct mortgage interest, points, and real estate property tax paid at closing.

Home Ownership Tax Deductions https://turbotax.intuit.com/tax-tips/home-ownership/home-ownership-tax-deductions/L7nXpU8Xz

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I purchased a home in the state I am stationed in(Colorado) but my home of record is still South Carolina. Do I add the purchased home as a out of state gain/loss?

I purchased a home in the state I am stationed in(Colorado) but my home of record is still South Carolina. Do I add the purchased home as a out of state gain/loss?

I purchased a home in the state I am stationed in(Colorado) but my home of record is still South Carolina. Do I add the purchased home as a out of state gain/loss?

I purchased a home in the state I am stationed in(Colorado) but my home of record is still South Carolina. Do I add the purchased home as a out of state gain/loss?

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I purchased a home in the state I am stationed in(Colorado) but my home of record is still South Carolina. Do I add the purchased home as a out of state gain/loss?

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I purchased a home in the state I am stationed in(Colorado) but my home of record is still South Carolina. Do I add the purchased home as a out of state gain/loss?

I purchased a home in the state I am stationed in(Colorado) but my home of record is still South Carolina. Do I add the purchased home as a out of state gain/loss?

I purchased a home in the state I am stationed in(Colorado) but my home of record is still South Carolina. Do I add the purchased home as a out of state gain/loss?

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