I am still on the fence about buying my ex/spouses equity out. If I do I want to understand the implications of converting this house to a rental.
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I have to spend a chunk of money to get it into rental shape. Windows replaced, roof replaced, deck fixed, paint, yard, water heater and paint. Tax wise is it better to do these improvements when I am living in the house or to move out and do it as a part of getting it ready for rental ?
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If I sell 3 years after moving out and converting it to a rental, I can still get 250k in capital gains exemption correct ?
Submitted August 13, 2017 at 10:16PM by Tiredoftrying123 http://ift.tt/2hXem6D
