I sold a house that I only owned for 8 months, I bought another house for my 2nd home,can I tax deduct it.?

Answer 1

can you deduct what?

Answer 2

I'm assuming your question pertains to whether you can defer the taxes on any profits you may have made on the sale of your first home. Under current law, to do so, you must have owned and lived in the home as your primary residence for 24 months in the last 5 years to defer taxes on profits up to $250,000 as an individual or $500,000 for a joint return. Since, in your case, it was only 8 months and presumably you are not treating it as an income property, your profits would be taxable.

The purchase of the second home is irrelevant UNLESS you are attempting to do a commercial property exchange. If both are your primary residences, it doesn't have any effect on the sale of the first one.