A 9-Part Guide To Tax Planning For Homeowners

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Part 6 – If You Must Move, Consider Renting Your Property

A 9-Part Guide To Tax Planning For Homeowners

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There may be any number of reasons that will make a move necessary for you, including a new job, a divorce, a new relationship, or any other major life change. Selling your property is not your only option; you should consider renting it as well.

Before you do this, it is important that you confer with your accountant to find out what the current conditions of occupancy are. In recent years, the IRS has made changes to the code on occupancy and this can really come into play with vacation homes. Not all, as long as you meet the requirements.

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