So you have an investment property you purchased for next-to-nothing and it’s appreciated to two- or three- times your initial investment. But back then when you were just starting out, you could barely afford the price tag, so you borrowed a big chunk because you were certain it was a sure thing. Or maybe you…
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Interested in exchanging your vacation home for another closer to home? Well, it may not be as simple as you think. A lot of tax payers are unclear on what the IRS rules are for this type of exchange, and think they qualify when they really don’t. Personal use is a big factor in distinguishing…
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