05 Sep Acc 307 Discussion 10
10504Your clients, Hanna and Jessica, are considering buying a home after living in an apartment and saving money for three years. In addition, they are eyeing a possible purchase of a beach house as a rental property within the next five years. They have come to you for advice about the benefits of homeownership.
Choose a topic from the chapter related to homeownership or owning a rental home and expand on the topic by explaining the rules supporting it for your clients.
Discuss at least one tax-related advantage of home or rental property ownership that you would share with them.
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