Jul 22, 2019 | Income Tax, Sarasota Tax & Accounting
Individuals who are unwilling or unable to sell their home, and need additional income during retirement,may benefit from a reverse mortgage. Payments received on a reverse mortgage are not taxable to the individual. Tax-free Income. A reverse mortgage can be used to...
Jan 30, 2019 | Business, Sarasota CPA, Sarasota Tax & Accounting
The IRS defines a home as any house, condominium, cooperative, mobile home, boat, or similar property that has sleeping space, toilet facilities, and cooking facilities. Each circumstance is different when determining what you can deduct on your tax return. Is it Real...
