Thinking About Converting Your Home into a Rental Property
It’s home selling (and buying) season. What are the tax consequences if you buy another home but decide to keep your current home and rent it out?
It’s home selling (and buying) season. What are the tax consequences if you buy another home but decide to keep your current home and rent it out?
Are you selling your principal residence? You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.