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My wife and I are in the process of purchasing a vacation home in Florida that we plan on moving to in about 5 years. What are the tax implications if we were to rent out the home during the next 5 years?

It's all in IRS Publication 527.

one last question, if we decide to rent out the home would we be better off setting up a LLC and running the home through the corporation?


Rule Your Retirement Home Fool
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