Source: Sorenson & CO Blog

Sorenson & CO Blog Tax Implications of Converting a Primary Residency to a Rental Property

If you've made the decision to rent your primary residency instead of selling it, there are tax implications to be aware of. The tax code in this area can be complex, so it's important to understand the rules and regulations upfront before you take the plunge. First off, a residence is considered primary when you [...]

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