Here is a library of IRS publications covering issues of concern to homeowners.
The rules are often complicated and can be difficult to implement.
Contact your legal or tax advisor for further guidance.
Click on each title to open a new window and view the publication.
|
Title |
Publication |
Description |
| Home Mortgage Interest Deduction |
936 |
Includes general information on home mortgage interest, including points, how to report deductible interest and limits on your deduction. |
| Selling Your Home |
523 |
Covers the rules for excluding from income any gain up to $250,000 ($500,000 on a joint return for married couples), the business use or rental of your home, and recapturing a federal mortgage subsidy. |
| Tax Information for First-Time Homeowners |
530 |
Includes settlement and closing costs, real estate taxes, home mortgage interest, and repairs, tax credits for a mortgage credit certificate and documents to prove basis and adjusted basis. |
| Residential Rental Property |
527 |
Covers rules involving rental income and expenses, including depreciation, as well as casualty losses on rental property and the passive activity and at-risk rules. |
| Business Use of Your Home |
587 |
Contains information about who qualifies for deductions for business use of a home, including as a daycare facility. |
| Moving Expenses |
521 |
Provides information on deductions for certain costs of moving because you changed job locations or started a new job. |