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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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May 18, 2006

Real Estate Adviser: Rent out your home to reduce that tax bill

By TOM KELLY
Special to the Journal

If you are concerned about Uncle Sam taking a chunk of your home sale profit and you have the wherewithal to rent out your primary residence for two or three years, there could be a tax-free strategy in your future.

Last week, we addressed the concerns of “Ruth from Seattle,” a senior widow who telephoned a call-in radio show about the tax liability on the sale of her primary residence.


 
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