Converting Home to Rental to Get Tax Loss Deduction

Published Categorized as Articles, Houston, Tax

If you move out of a house and rent it to a friend for less than fair market value rent, can you then take a tax loss on the subsequent sale of the house? If the home is not converted to a rental property, the loss is disallowed as a personal tax loss. If the… Continue reading Converting Home to Rental to Get Tax Loss Deduction

The post Converting Home to Rental to Get Tax Loss Deduction appeared first on Mitchell Tax Law.

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