The 5 tax rules a military landlord needs to know before renting out their home

The nature of military lifestyle means frequent moves, uncertain surroundings, and the only thing that is constant is change.

Service Members invest in real estate for the same reason anyone does.  It is a nice thought to be building equity in your name rather than someone else’s, it is difficult to find rental properties in desirable areas, at a decent rate, that will take our furry children, housing on post is nonexistent or the wait time is ridiculously long.  

Owning your own home is a feeling unlike any other.  It can be freeing,(you can finally paint those walls in the dining room red) or it can be daunting – you’re the one that has to fix that leaky roof.

A home purchase is often the largest single investment people make.  Here are a few tax rules if you have taken the plunge to purchase a home and decided to rent it out because of a PCS move.   Continue reading