John Stancil

This is the final article in a five-part series on Passive Activities. (To read the previous articles, click the following links: Part 1, Part 2, Part 3, and Part 4.)

You own a beach cottage or a mountain cabin. As much as you would like to live there year-round, it just is not practical, so you rent it out when you are not using it. Is this taxable income? Can you deduct a loss? As with so much in taxes, the short answer is “it depends.”

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