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Tax, SDIRAs & Cost Segregation

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John D.
  • voorhees
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11
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Legal repercussions of renting your primary residence

John D.
  • voorhees
Posted Jun 19 2012, 05:23

Hi, I wanted to know what the legal repercussions are of renting a home that you bought as your primary residence. My mortgage says that if I do this I could be fined or even enprisoned for lying about the occupancy. Is this true? Does this ever happen?

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