vacation home: IRS Decision Helps Myrtle Beach Real Estate
- 06/23/08 03:49 AM
As one of the most popular vacation-home markets, Myrtle Beach real estate investors will benefit from a recently-issued IRS document... It used to be that nobody was really sure whether a vacation home would qualify as "investment property" under IRS rules governing ยง1031 tax-deferred exchanges. But, last month the IRS completely eliminated that uncertainty by clarifying under what circumstances one of the most popular forms of Myrtle Beach real estate - your vacation home - will be considered "held for investment" and qualify for a tax-deferred exchange. If you already own a vacation home in Myrtle Beach, you must have owned … (2 comments)
As one of the most popular vacation-home markets, Myrtle Beach real estate investors will benefit from a recently-issued IRS document...;)
;)
