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Updated over 1 year ago on . Most recent reply
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Tax advantages for buying in cash
Quick Question: If I buy a house with cash; Am I able to write that purchase off on my taxes. I understand that each situation is different BUT I'm just wondering if that is something that is possible. Thank you
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Unfortunately not. Buying through cash or leverage has no impact on the tax treatment. You'll likely capitalize and depreciate the property over 27 or 39 years.