Tax considerations during home buying

[Zeni Kharel]

While you're looking for a home, there are tax strategies and considerations that I should keep in mind in the pre-purchase phase?

[Ned Carey]

Zeni, 

I am not a CPA nor an attorney. My laypersons understanding is it will make no difference for a primary residence. 

One of the biggest tax advantages in real estate is the "Homeowners exclusion" If you live in a home for 2 out of the last 5 years, $250,000 in capital gains ($500k for married couples) is excluded from your income when you sell.