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What are some of the tax implications of renting my home?

Home implications renting tax
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What are some of the tax implications of renting my home?

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If you are considering renting your home, even for just a short time, after you move out of it and before you sell it, tread very carefully! After you’ve converted your house into rental property, you can’t avoid taxation on the profits from that property simply by purchasing another primary residence.

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