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Updated over 1 year ago on . Most recent reply

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
Most Popular Reply

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.