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Level 2
posted Oct 25, 2023 12:50:58 PM

Revokable trusts

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?

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1 Replies
Level 15
Oct 25, 2023 12:52:13 PM

There is essentially no advantage in terms of tax benefits.

 

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