Many military families end up owning rental properties, which can bring special tax challenges. Here’s what you need to know to understand the potential tax impact of your rental property.
Specialized Housing
Finding the right place to live is part of the adventure of military life. Housing options will be influenced by a variety of things such as rank, location and family size. You may want to live on the installation, rent a townhome off base or buy a home. Before you decide where to build your nest, it is important to weigh all the information and know about the resources available as a renter or homeowner.