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Level 2
October 25, 2023
Question

Revokable trusts

  • October 25, 2023
  • 1 reply
  • 3 views

Are there any tax or legal impacts with buying a house under a trust instead of my personal name? Do I still get the tax benefits or wrieoffs associated with the home?

1 reply

Level 15
October 25, 2023

There is essentially no advantage in terms of tax benefits.

 

Otherwise, you might want to consult local legal counsel or a tax professional.