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Updated about 6 years ago on . Most recent reply presented by

Bruce Harding's profile image
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Bruce Harding
  • Member since Jun 26, 2018
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Bruce Harding's profile image
Bruce Harding's profile image
Bruce Harding
  • Member since Jun 26, 2018
Connect
Bruce Harding
7
Votes |
60
Posts
Tax, SDIRAs & Cost Segregation

I HavA Property That is A Second Home

Bruce Harding
Posted

I have a property that is a townhouse catagorized as a second home.

After I purchased my wife's son moved in and has been paying rent.

I am wondering is it more beneficial from a tax standpoint to keep the home catagorized as such or switch it to a rental unit for accounting purposes ?

Thanks

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