Tag

Now that we’ve hit midsummer, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax consequences: If you rent it out for less than 15 days: You don’t have to report the income. But expenses associated with the rental...

Owning a house with a white picket fence is a quintessential part of the American dream. But an increasing number of Americans are deciding that renting a home is a better fit for their families than buying one. “Over the next 15 years, new renters will outnumber new...

Despite the fact that a couple had rented much of the farmland near their farmhouse and had made substantial improvements to the property, it wasn’t held as rental property or for the production of income, according to the Court of Appeals for the Eighth Circuit, which...