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Financial Planning / Tax Strategies
|Subject: House: 1/2 rental, 1/2 primary residence||Date: 3/25/1998 12:24 PM|
|Author: sente17||Number: 3043 of 124978|
I have a question regarding a 2-4 unit home used as part primary residence and part rental property.
1) For deduction of interest as a primary residence: Is the 100K limit apply to the total amount of loan for house, or only that portion of loan that applies to the primary residence?
2) For every 2 year Capital gains exemption: I would assume this applies only to the portion of the house used as primary residence, and one must pay capital gains on the remainder of the property.
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Rufus Nagel, aspiring Fool
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