How to Convert Primary Residence to Rental Property | Michael Kitces posted on the topic

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How to Convert Primary Residence to Rental Property

Michael Kitces

Chief Financial Planning Nerd

Converting A Primary Residence Into Rental Property: There are a range of complex tax planning strategies, potential tax pitfalls, and planning opportunities: https://kitc.es/4gahwgA In this article, Kitces Nerd Jeff Levine details how advisors can play a key role by helping clients maximize the deductibility of expenses, preserve gain exclusions, consider S corporation or 1031 strategies, and navigate passive activity loss limitations. #advicers

1 Comment

Scott Henderson

Co-Founder | Cashflow, Stability, Real Estate Expert

Great takeaway on maximizing tax benefits when converting a home to a rental, especially since leveraging strategies like 1031 exchanges can really boost long-term wealth.

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