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

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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

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