Taking It With You

Then keep track of all your closing costs. Items such as legal fees, transfer taxes and title insurance can all be added to your basis and could help your tax situation when you decide to sell the place.

Note that some costs are just sunk. Things like fire insurance premiums, rent for occupying the home before closing, loan assumption fees, the cost of a credit report and the fee for an appraisal required by a lender are all lost.

Send Uncle Sam a Change of Address

Finally, be sure to let the government know you moved. Fill out the appropriate forms with your post office so that your tax documents are forwarded to you and then file Form 8822 -- Change of Address with the IRS so that Uncle Sam knows where to find you.

Good luck with your summer move. Keep track of all your receipts and home-closing documents so that you have support for everything come tax time. And while you may be tickled pink about your new house and location, please don't brush aside the feelings of your teenager, who is now separated from her summer love. (God, was he cute.)

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