this post was submitted on 31 Aug 2023
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No. Only adjusts basis when you sell. There are tax benefits and a lot of them. Some general but a lot very specific. Lot depends if you make money on the property. My house I have had 20 years. Maybe made 1% a year return while the cost is 5%. Typical house returns are about inflation though mine is less. Typical investment return in the market though are 5 to 10% above inflation.