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Updated over 2 years ago on . Most recent reply

James Prather's profile image
James Prather's profile image
James Prather
  • New to Real Estate
  • from Memphis, TN
  • Member since Apr 29, 2020
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James Prather's profile image
James Prather's profile image
James Prather
  • New to Real Estate
  • from Memphis, TN
  • Member since Apr 29, 2020
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James Prather
  • New to Real Estate
  • Memphis, TN
9
Votes |
12
Posts
Buying & Selling Real Estate

Buy Investment Property In December vs January

James Prather
  • New to Real Estate
  • Memphis, TN
Posted

Hi All - Looking to buy an investment property soon and will likely close in the last week of December or first week of January. Are there any tax or other benefits to me and my business by closing on the home at the end of 2022 (Dec 30) vs the beginning of 2023 (Jan 1)? Thanks!

Memphis, Tennessee
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Allan Smith's profile image
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Allan Smith
  • Developer
  • from Nashville, TN
  • Member since Jul 21, 2014
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Allan Smith's profile image
Allan Smith's profile image
Allan Smith
  • Developer
  • from Nashville, TN
  • Member since Jul 21, 2014
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Allan Smith
  • Developer
  • Nashville, TN
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Allan Smith
  • Developer
  • Nashville, TN
Replied

Have you asked your cpa? 

cl9se this year and you can deduct closing costs sooner from your other taxable income...

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