I have a question about tax homes

  1. I'm thinking of purchasing a home in a new housing development which is not built yet. I will still be paying duplicate expenses while it's being built, but I'm unsure whether this qualifies as a tax home before it's completed. I'd appreciate any input onto the tax laws regarding this.
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  2. 2 Comments

  3. by   grannynurse FNP student
    Quote from mgchat76
    I'm thinking of purchasing a home in a new housing development which is not built yet. I will still be paying duplicate expenses while it's being built, but I'm unsure whether this qualifies as a tax home before it's completed. I'd appreciate any input onto the tax laws regarding this.
    Speak to a real estate attorney.

    Grannynurse
  4. by   suzanne4
    You actually have only one legal tax home at a time, even if you are paying taxes there. Think of it as you can only register to vote legally in pne state at a time...............same thing. Best suggestion is to talk to your tax advisor.

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