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Residence to rental

Maximize the Tax Benefits of Renting Out Your Home

June 20, 2019 5:00 AM

Taxpayers who live in a popular tourist destination or who are planning to be out of town for an extended period can enjoy both a steady rental income and tax benefits by renting out their home. Although there have always been some tax breaks available for rental owners, the Tax Cuts and Jobs Act (TCJA) has only...