tax benefits
ownership has tax advantages. renting does not.
As a co-owner through Rhome, you may be eligible for the same tax deductions as any homeowner. Consult a tax professional for advice specific to your situation.
mortgage interest deduction
As a co-owner, you may deduct your share of the mortgage interest paid on your primary residence. This is one of the most significant tax advantages of homeownership, and it applies to co-owners just as it does to sole owners.
property tax deduction
Your share of property taxes paid on the home may be deductible. The deduction is proportional to your ownership interest, as defined in the ownership documents.
capital gains exclusion
When you sell your interest in a primary residence, you may qualify for the capital gains exclusion. For individuals, up to $250,000 in gains may be excluded from federal income tax.
renters get none of this
Rent payments are not tax-deductible. Renters do not build equity. Renters do not benefit from appreciation. Every dollar paid in rent is gone. Co-ownership changes that equation.
This information is for educational purposes only and does not constitute tax advice. Consult a qualified tax professional for advice specific to your situation.