4aapl’s Activity

Mon Apr 14

NL

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4aapl replied to the Tax Strategies board. 8:21 PM

Re: House value when converting to rental

Do you actually have to sell it, or does a change of ownership such as to a different family member or from "husband and wife" to "wife" (or "husband" to "wife") do it? What about moving it into a trust? [more]

NL

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4aapl replied to the Tax Strategies board. 4:33 PM

Re: House value when converting to rental

I don't think there is a way to use the "living in the house at least 2 of the last 5 years" tax deduction here, since we didn't do a formal change of ownership. But if it turns out that is possible, it would help us in the long run [more]

NL

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4aapl posted to the Tax Strategies board. 1:25 PM

House value when converting to rental

We still own our previous house, and are finally going to be getting renters in there soon after doing some work on it to make it rentable (such as while we didn't need the banister at the top of the stairs that the former owners ripped out when [more]

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