You can convert your home into a rental property and STILL write off your contributions, even if you didn't purchase them in this calendar year. Don't convert your home into a rental property by yourself! Use my network that's filled with tax advisors that use the exact same strategies I use - https://markjkohler.com/tax-pro-profiles #hometorental #realestate #tax #business #fianance #cpa | Mark J. Kohler
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If you’re turning your old home into a rental and want to move it into an LLC for asset protection, you’ve probably heard of the due on sale clause. It sounds scary, but here’s the truth: banks almost never enforce it. I’ve talked to banking lawyers across the country and they all say the same thing—it’s not worth it for the bank. As long as you keep making your mortgage payments, the bank isn’t going to care. The bottom line: keep paying, stay compliant, and don’t lose sleep over the due on sal
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