Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 05-05-2016, 01:38 PM
Junior Member
 
Join Date: May 2016
Posts: 1
sale of main home turned rental

When my husband got a job with an 80 mile one way commute, we decided to move where his job is and rent our family home. That was in July of 2011. It has been rented pretty much the entire time and we are now getting ready to list it for sale. What tax implications are we possibly facing? Does it help at all that we only rented the home because of moving for a job?
Thank you!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
main home turned rental and then abandoned chasamber Rental Real-Estate 1 04-14-2015 03:11 AM
Sale of former residence turned rental at a loss ILtoTX Rental Real-Estate 1 03-05-2015 02:54 AM
Sale of a home that used to be a rental Nasmeh Capital Gains 1 01-18-2014 06:43 PM
how to report sold a property used as main home and rental ojaitax Sole-Proprietorship 7 03-31-2013 05:20 PM
Capital Losses on the sale of Second home turned into Rental Property? emc2005 Capital Gains 1 07-30-2007 05:52 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.