A good percentage of our clients own their homes, and for good reason! The government has been more than generous with home ownership tax goodies. Some very important tax questions arise around home ownership:
Are home improvements tax deductible?
How do you qualify for the first time home buyer tax credit?
What is the §121 exclusion?,
Is my home office deductible?
We answer these questions and more, including conversion of a principal residence to a rental and conversion of a rental for a principal residence, and – last but far from least – foreclosures. This webinar will examine such situations and provide examples of the applicable tax treatments.