DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE? IF WE NEED, HOW TO DO IT?

adoxencorp · ‎January 30, 2020

Anonymous_ · ‎January 30, 2020

"DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE?"

No, you do not have to report the purchase of personal use property (i.e., property that is not used in a trade or business or rental use).

Bees · ‎January 30, 2020

Nothing to report about the purchase but you may qualify for deductions if they are higher then the standard deduction amounts. see https://turbotax.intuit.com/tax-tips/home-ownership/home-ownership-tax-deductions/L7nXpU8Xz

Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.

fanfare · ‎January 30, 2020

Generally, most home-owners can't itemize, after the recent tax law changes.

Expert does your taxes

Do it yourself

Resources

Support

DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE? IF WE NEED, HOW TO DO IT?

DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE? IF WE NEED, HOW TO DO IT?

DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE? IF WE NEED, HOW TO DO IT?

DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE? IF WE NEED, HOW TO DO IT?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE? IF WE NEED, HOW TO DO IT?

Do you have an Intuit account?

DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE? IF WE NEED, HOW TO DO IT?

DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE? IF WE NEED, HOW TO DO IT?

DO WE HAVE TO REPORT IF WE BUY A NEW HOUSE? IF WE NEED, HOW TO DO IT?

Unlock tailored help options in your account.

Get more help

Related Content