New Tax Rules May Hurt House-Hoppers

Article Date : 06 August 2008
News Section: USA

Part of the housing-stimulus package recently signed into law could reduce the appeal of a tax-saving strategy used by wealthy home-hoppers. Many owners might not be eligible to claim the full exclusion on a vacation or rental home they convert to a primary residence...

Like this? Then share with your friends and colleagues!

Article provided by Real Estate Journal.
Read the full article here: http://online.wsj.com/article/SB121798585043615583.html?mod=residential_real_estate

DISCLAIMER: The opinions expressed here are the views of the author of this news item and do not necessarily reflect the views and opinions of Propertyshowrooms.com.