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EssDee - If you are thinking of buying property, do it now, or wait until Jan 2005. Reason being, if you buy late, your points and closing costs might not clear the std. deduction.
e.g. Buy now...$3000 closing + 10 mos @ 1500 = $18000 deduction = $5600 back in your pocket at tax time (at 30%)
Buy in November...$3000 closing + 1 mos @1500 < $4750 standard deduction so you get no benefit over what you would have gotten if you didn't buy property.
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