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Home Buying in Bar Harbor : Real Estate Advice

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Activity 2
Wed Oct 23, 2013
Margaret Mitchell answered:
Hi Gail - Thank you for the additional detail. The answers that you have already received on your prior question on this still apply. Unfortunately, real estate agents cannot give tax advice. The advice to consult with a tax accountant is good advice. In this case, where you have owned your home for less than two years, it is particularly important to get professional advice on the tax implications. I think you are thinking of old tax rules re: buying a more expensive home, which may not be relevant here.
So you have two choices: You can read the IRS publication on the matter (link was given in your earlier question) and interpret it or you can pay for an hour of a tax accountant's time. I would get professional advice here. That means a tax professional. You will find this cheaper in the long run.
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Fri Apr 5, 2013
Dana Schuster answered:
i wish! one of my favorite places on the planet!
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