#435 The People's Show - Open Forum
Main Street Business
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How to Lose Sale of Home Exemption
Tail Dragger: How much of this property can you set aside and say is truly investment property? "You lose sale of home exemption. I guess you could $1031," he says, referring to the tax break for homeowners who sell their homes but rent them out as a business. Tail Dragger: You don't have to be a real estate professional or materially participate in self rental election.
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