Capital gains tax : primary residence exclusionStrauss, BenDe Rebus
There are many tax incentives for owning a home. But how do you designate a primary residence when you own more than one home? Watch this video to find out.
Another strategy for optimizing the tax implications of converting a primary residence into an investment property is a 1031 exchange. A 1031 exchange allows you to defer capital gains taxes on the sale of your primary residence if you use the proceeds to purchase another like-kind investment prop...
Since it tracks insurance and tax data, there’s a good chance your lender will find out you’re renting your primary residence. The lender could file fraud charges against you for misrepresenting your intention to live in the single-family home you financed. How do I change my primary res...
However, for those who also invest in rental real estate, the capital gains exclusion on the sale of a primary residence creates an appealing tax planning opportunity – to convert rental real estateintoa primary residence, in an effort to take advantage of the capital gains exclusion to shelter...
1997 tax changes: capital gains tax and sale of a primary residence.Jablow, Benjamin A