Foreign Vacation Home As Primary Residence

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In fact, we were (tacitly) encouraged by pretty much everyone involved to proceed as if this would be our primary residence … in your “second” home as much as possible, otherwise you endure a certain level of guilt when you …

An official residence is the residence at which a nation’s head of state, head of government, governor or other senior figure officially resides.

The IRS only allows you to declare one place as your primary residence, but you can take tax write-offs for a vacation home even if you don’t have any write-offs for a main home. For example, if you rent your primary residence or live …

The median price of a single-family home … primary residence to fund the …

Owners may also want to consider how far their second home is from their primary residence. Fifty-seven percent of vacation properties are located in beachside or lakeside communities at a median distance of 200 miles from owners’ …

Buying a second home or vacation home? Wells Fargo can help you make an informed decision when selecting a second home mortgage.

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People who rent out a vacation home may do so to offset the expenses of ownership or to generate income (ideally a profit). There are several important considerations …

“Costs of owning and renting a vacation home can be very high … gains—and not sheltered like profits from a primary home—although many owners avoid that by …

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Why are you away from home? Vacation / Holiday; Visitor / Immigrant; Student / Scholar; Employer / Business Traveler; Expat / Global Citizen; Mission / Social Good

Although U.S. citizens and permanent residents are afforded a $5.34 million estate tax exemption (adjusted for inflation), non-resident foreign nationals – those who aren’t U.S. citizens and have their primary residence … own a vacation …

Tax Free Exclusion on Sale of Primary Residence Reduced by Housing Act of 2008 | Summary of the Changes to Section 121 of the Internal Revenue Code | Capital Gains …

Owning a vacation property is not good for your finances. Here are several reasons why you should not buy a vacation property.

How to Turn Your Home or Condo Into a Vacation Rental. The vacation rental industry has changed rapidly in the last several years, and it’s now easier than ever to …

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