I was speaking with my accountant the other day, and she said that she is still busy with tax returns. I asked her what month is she not busy with tax returns? She could not think of one.
When purchasing real estate, you want to get every tax benefit available to you so, some of the factors used to identify a principle residence include: place of employment, principal place of family members, address listed on federal and state tax returns, driver's license, auto and voter registration, mailing address for bills, location of person's banks and location of religious organizations and clubs to which the person belongs.
The above information is not tax advise, and is provided for general information only. A tax professional should be contacted for any tax questions or concerns.
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