-------- Original Message --------
Subject: Re: [NF]: Pennsylvania Sales Tax
From: Ed Leafe <[email protected]>
To: [email protected]
Date: 3/7/2014 2:39 PM
Also, remember that the deduction is actually a depreciation, so it reduces the
effective purchase price of the house. When you sell, the profit for tax
purposes is the sale price minus the purchase price minus any claimed
depreciation. So you might end up with a bigger tax bill later.
-- Ed Leafe
And there may also be some local municipal code issues (local business,
housing, building) involved if you start using part of a residence for
commercial use. Stuff like electrical lighting, plumbing, sidewalks,
parking, blah, blah, blah...
VOTE LIBERTARIAN!!!
Mike
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