Updated over 5 years ago on . Most recent reply
Live in rehab and taxes
I just bought a home that needs some minor work and updating. Bought at $330k. Estimated $30k in updates, with and ARV of $420k.
The plan is to live in the home and rehab it over the next year with the plan to sell afterward. Just looking ahead and wondering if there’s any specific strategies regarding taxes or expenses that I should be aware of during the upcoming year?