Monthly Archives: May 2017

Today’s Alerts: Converting Rental to Primary Property in Divorce

When couples own a primary residence and rental properties one idea for asset division is for one spouse to stay in the primary residence and for the other to move to one of the couples’ rental homes.  While this is convenient, the tax costs should be considered when valuing the properties. Section 121 IRS rules … Continue reading Today’s Alerts: Converting Rental to Primary Property in Divorce