Converting a Residence to Rental Property (The Sunderland Group Inc.)

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Converting a Residence to Rental Property

For various reasons, you may consider converting your personal residence to rental property. However, a decision to convert to rental also should consider economic factors such as your marginal tax rate and the potential loss of your ability to exclude up to $250,000 ($500,000, if married) of gain from the sale of your principal residence for federal income tax purposes.

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