Sherrie Moore - CPA, CA, B.COMM

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Converting your Home into a Rental Property

Converting your Home into a Rental Property (or vice versa)? Did you Know there are Tax Consequences to Consider?

A change in use occurs when your property is changed from income producing to personal use (for example:  moving into a property that you have previously used as a rental property) or when it is changed from personal use to income producing (for example: changing your principal residence to a rental property). In addition, the change in use can be for 100% of the property or just a portion of the property (for example: changing …

Converting your Home into a Rental Property (or vice versa)? Did you Know there are Tax Consequences to Consider? Continue Reading

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