Home ownership

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You Can’t Rent Out the Dream Home, But What if You Could? Part 5 of the HGTV Series

By | February 1st, 2012|Categories: Potpourri of Tax Topics|Tags: , , , , |

I had just completed all 3 installments of my HGTV "You Won the Dream Home" series and was satisfied with myself. It was a witty, informative series on a timely tax topic. And then one night I woke up and couldn't get back to sleep because something was nagging at my mind. Specifically the Section 469 [...]

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You Won a Home! Now What? Part 3 of the Series

By | January 4th, 2012|Categories: Potpourri of Tax Topics|Tags: |

Note: A reader pointed out that there are local covenants that likely make renting out the home impossible. See my follow-up article here. (1/26/12) -------------- For the last two days I have blogged about the tax consequences of winning a home in a giveaway. (Click here for Part 1 and here for Part 2.) Today, I'll talk [...]

Take the Money and Run? The Tax Consequences of Winning a Home in a Giveaway, Part 2

By | January 3rd, 2012|Categories: Potpourri of Tax Topics|Tags: , , |

Yesterday I blogged about the tax consequences of winning a home in a giveaway such as the ones HGTV does now and then. Basically, the value of the home is taxable income to the winner. Most of these giveaways give the winner the option of taking the house or taking a cash prize. For example, HGTV's [...]

Win a Home on TV, Find a Tax Collector in the Attic (the Tax Consequences of Winning a Home in a Giveaway, Part 1)

By | January 2nd, 2012|Categories: Potpourri of Tax Topics|Tags: , , |

The tax consequences of winning a home in a giveaway, such as HGTV's "Dream Home Giveaway."

Q & A Fridays – 3.8% Tax on Home Sale and Other Home Sale Info

By | December 2nd, 2011|Categories: Potpourri of Tax Topics|Tags: , |

Will a 3.8 percent tax be imposed on every home sale? In a word: no. Read more on Q&A Fridays with Jason.

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