Your 401K, your pension assets, your residence, have increased in value since the dire fall of 2008.
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If you leave California, sell your residence or at least rent it out on a long-term lease.
That can be deducted as residence acquisition interest for up to 24 months provided that you actually use the house as your residence.
Recently, inaction by the California Franchise Tax Board (FTB) gave all Silicon Valley entrepreneurs a clear signal: make your residence in California a temporary or transitory one.
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If you can make your principal residence your business home many of the non-deductible expenses of ordinary mortals will be deductible to you.
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If you're converting your primary residence to a rental home, you could have problems with your lender, says Michel.
Existing homes and new construction qualify for this credit which is restricted to your principal residence.
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The improvements must be made to a home that qualifies as your principal residence.
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Without thorough planning, converting your primary residence to a rental property could become a financial nightmare.
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The house or apartment or mobile home that you lived in before Katrina had to be your primary residence.
The ideal place to have your business home is probably your principal residence.
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Even if you don't plan to buy your college residence, the gap between rents in those two cities reflects the purchase costs.
If your primary residence is in foreclosure, you just got new life.
To qualify for the break, the property must have been claimed as your primary residence for at least two of the five years before the sale.
In the vast majority of other state jurisdictions, you can simply move your primary residence to another state with little concern for looking back.
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If the house is no longer your primary residence, you had better have lots of documentation no matter how little the house goes for.
Sometimes being in a global company means you could be subject to a contract attempting to span all operating locations, not just your current residence.
If you take a mortgage on your primary residence to buy a second home, you will not be allowed to deduct the payments as personal mortgage interest.
Your principal residence, for purposes of the credit, is defined where you live most of the time and can include a house, houseboat, mobile home, co-op, condo and a manufactured home.
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And just think about this: Sometime down the line, you could potentially live in a converted oil silo as your primary residence and keep a waterfront vacation property at a retrofitted oil rig.
If you happen to own your primary residence, a fat portfolio of stocks and bonds, a year's supply of cash and maybe a yacht and a dancing horse, then why not collect a few bargain bungalows too?
As of now, if you currently own a second home for personal use, you are allowed to rent it, or your primary residence, to another party for up to two weeks (14 nights) without reporting any of the income.
If you have a permanent place of abode in New York (even though it is not your primary residence) and spend more than 183 days in New York, you are a statutory resident of New York, regardless of your domicile.
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You have an interest or authority over an account outside your country of residence.
You have a financial interest in an entity outside your country of residence.
Is it a vacation home, a rental or your new primary residence?
What your state of residence is can be a complicated question.
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First off we should start with the fact that U.S. extraterritorial taxation renders many of the tax laws of your land of residence null and void.
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