Rental to personal My wife and I have bought a property in NY state that we plan to retire to in two or three years. In the meantime we are renting it full-time. Are there any tax implications we should be aware of with this plan? For example, should we take out depreciation on the house and improvements? We are not residents in NY.
Last edited by skllstrm : 02-07-2012 at 04:19 PM.
|