ELNbluemax2
Member
To Taxguy,
In a previous post, I said that the new
IRS rules have changed...that profit on a
vacation home is not taxed if it had been
used for two of the last 5 years, as it is
for the primary home, also.
Well, I searched the rules and, evidently,
our newspaper is wrong on that. Can't
believe everything we read, I guess.
Sorry, for the misinformation.
In a previous post, I said that the new
IRS rules have changed...that profit on a
vacation home is not taxed if it had been
used for two of the last 5 years, as it is
for the primary home, also.
Well, I searched the rules and, evidently,
our newspaper is wrong on that. Can't
believe everything we read, I guess.
Sorry, for the misinformation.