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Category Archives: Home Ownership
Renting out part of your principal residence : when less can be more.
The last post was about renting out your house – all of it. So what happens when you rent out part of your house & keep living there? Here are some tips help you understand how this change works. But … Continue reading
Renting out your home? The no change of use election might help.
In the investment world, ‘change of use’ means one thing. Deemed disposition. And deemed disposition means this: you’ve triggered a taxable event. Be it a gain or loss, from this moment forward, the value of that investment is frozen in … Continue reading
