Owning and Renting a Principal Residence Webinar

• Determine the tax deductibility of interest expense related to debt secured by the residence.
• Evaluate deduction available for real property taxes.
• Consider possible tax savings from residential energy credit.
• Recognize and apply the 'home office' deduction limitation for business use of principal residence.
• Evaluate the tax consequences of renting a principal residence for all or part of the taxable year.
• Consider how the casualty loss rules apply to principal residences.

• Deduction of "home mortgage interest"
• Deduction of real property taxes taxes
• Residential energy credits
• Use of the home for business purposes, 'home office' complication
• Rental of a principal residence, the vacation home complication
• Rental of principal residence with a resulting loss, the passive activity limitation
• Casualty losses