Updated about 9 years ago on .
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Real estate tax breaks
Good evening everyone. I'm I the process of closing on our first property through the VA. My question is Are there any tax breaks with purchasing a home. Being this will be a one year owner occupy before we can rent it out. Any advice or of you'd like to add something feel free. Thanks in advance!
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Talk to your accountant to verify that the interest on your home loan as well as the property taxes are deductible. As an owner-occupant, you may get homestead exemptions and/or others.
Again, your financial professional will be your best resource.