Talk of The Villages Florida - View Single Post - Renting my home
Thread: Renting my home
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Old 01-05-2023, 07:34 AM
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Quote:
Originally Posted by manaboutown View Post
You may want to check with your accountant/tax advisor. If you are married and it was your primary residence you may qualify for up to a tax free $500,000 gain which is not chicken feed for most of us. The $250,000/$500,000 Home Sale Tax Exclusion | Nolo


Then if you really want to be a landlord buy another house, likely at a higher price than your basis in your current house. This would give you a higher basis from which to depreciate the house. Again, talk to your tax advisor. Florida Landlord-Tenant Laws | Nolo
It wasn't a primary home. I decided to hire a rental company because I not here all year.