Webcast: Owning and Renting a Principal Residence
The ownership of a personal residence can have important tax considerations. Examine possible tax deductions for interest expense and real property taxes and the possibility for residential energy credits. If the home is used for business purposes, business deductions may be available but subject to the "home office" rules. Rental of the personal residence requires consideration of the vacation home rules; if a loss occurs, the passive activity loss limitation is considered. Review and evaluate issues to identify possible tax planning opportunities or strategies.
ASCPA Live Online Webcast
Phoenix, AZ 85034-6617