Home Related Tax-Saving Opportunities
April 5, 2017
Property tax deduction. Mortgage interest deduction. Home equity debt interest deduction. Home office deduction. Rental income exclusion. Sale gain exclusion.
Property tax deduction. Mortgage interest deduction. Home equity debt interest deduction. Home office deduction. Rental income exclusion. Sale gain exclusion.
It’s important to think not only about the potential profit (or loss) from a sale, but also about the tax consequences of a home sale.
Your use of a home office must be for your employer’s convenience. If you’re self-employed, your home office must be your principal place of business.