House sale / House purchase

Only the sale is reportable on your return - home purchases are not. 

Purchase of a home is not reportable on your US tax return, but you should keep records. These will come in handy when you sell the home (because selling a house is reportable). Please see the following articles for additional information:

We will handle this during tax preparation for you. 

If you would like, we can prepare a Tax Projection of potential tax due from the sale. 

If you would like to move forward with this service, please complete a 'dummy' TQ (i.e. - 2005) with the anticipated information.

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