Ask The Taxgirl: Can You Save Taxes By Treating Your Home As A Rental?
Ask The Taxgirl. Today, I tackle whether it makes sense to treat your home as a rental to save on taxes following tax reform.
Ask The Taxgirl. Today, I tackle whether it makes sense to treat your home as a rental to save on taxes following tax reform.
It’s “Ask The Taxgirl.” Today’s question focuses on the $10,000 cap on state and local taxes under the new tax law – and whether it applies to rental real estate.
Each year on Memorial Day weekend, there’s a giant exodus from much of Pennsylvania towards the Jersey Shore. Some folks head for the glitter and nightlife of Atlantic City while others head for the relatively quiet Victorian gingerbread homes of Cape May. Still others opt for family-friendly Ocean City, tony Stone Harbor, or any number…
V is for Vacation Home. Spring Break is coming up in a few weeks and we’re lucky enough to be able to spend time with my parents in coastal North Carolina where I grew up. Every year that we go down there, I convince myself that I want a vacation home. And I know exactly…