Know your limits and know that you will find what you need in that price range. Remember that you always can walk during the negotiation on the house. America is a culture that is uncomfortable with the practice of negotiating. One thing to keep in mind, you must be willing to give up the house rather than buy it at a price that you can't afford, or that will cause you to lose too much money. Don't take the home office tax deduction during the two years before you sell.
Many people deduct utility costs and other home-maintenance costs for a home office.
But if you claim such a deduction in either of those two years before you move, many accountants believe that you must then pay business tax on the capital gains according to the percentage of your house used for business. Go back to the top of this article. News World Communications, Inc.