Want to Move? Tax Implications of Converting a Home to a Rental Property
If you’re planning to move out of your current home, you face a tough question: Should you sell your home, or would it be more beneficial to convert it into an income-producing rental property? In terms of both selling prices and… Read more »Read Full Newsletter »
3 Taxpayer Friendly Exceptions to the PAL Rules, Beware of PAL Rules, Converting a Home to a Rental Property, Material Participation Standard, Real Estate Professional, Rental Property Write-Offs, Section 1031 Exchange Option, Short-Term Rentals, Small Landlord, tax implications, Tax Treatment of Rental Property Sales, Taxable Income from Rental Properties, To Rent or Not to Rent?