5 homeownership tax myths
By Kay Bell • Bankrate.com
Owning a home tops the dream list for most Americans, and for plenty of good reasons. It’s a shelter for your family, a gathering place for your friends and a good long-term investment.
Tax breaks are also frequently cited as motivation for moving from renting to owning, and there are many ways a home can cut your tax bill.
But, as is often the case with the U.S. tax code, homeownership tax benefits are not always clear-cut. That frequently leads to some bad information floating around.
While myths, half-truths and misconceptions may abound, we’ve narrowed it down to five that, if you buy into them, could cost you.
1 response so far ↓
Bob G // March 10, 2007 at 9:28 pm
Great article John. I learned a lot from it. Your website is a must read. I have book marked it and will be back!
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