Could VRBO users from Michigan provide some clarity about the topic of sales tax/lodging tax collection and payment to the state.

I set up tax lien as a keyword alert so I get alerted when someone mentions them.

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.

Hey @Nick Gallon Martin, I recommend speaking to a Tax Planner/CPA, @Jeff Nash would be a great resource for you.

If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.  

Any business could do this with their services and the savings would certainly justify the additional effort.But if you take advantage of the new law, wouldn't the renter do the same?

At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

This is a screenshot from a private Facebook group for tax professionals.