Join Date: Jul 2001
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Renting your home while cruising...advice?
First let me wish you all the best on your cruise - I have been following your refit for a while now.
As to the rental situation, the only info I can offer is that we have always showed a net loss in rentals. The on-paper depreciation of the building (over 27.5 years) is usually enough to ensure that your bottom line for tax purposes will be a loss. So, in all our rental situations we have saved on taxes, never paid more because of it.
Hopefully, you can get more definitive answers in time to make your decisions.
Best to you!