If you have a second home, the chances are high that you’ve considered selling it at some point. Maybe the maintenance has gotten to be too much of a pain, or the taxes you have to pay are ridiculous??
Did you know if you rent your home out for two weeks a year, for two consecutive years (total of four weeks), you’ll qualify for a 1031 exchange and be able to invest in something that might make more sense for you….like perhaps a multi-plex or commercial building??
Now…I’m a Realtor, not an accountant. Take this info & go ask your Trusted Tax person about it. It might do wonderful things for your life.
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