Can we renovate a house then rent it out for (how many?) years before selling and renovate another house then rent it out, etc., and not report it as a business?
Can we renovate a house then rent it out for (how many?) years before selling and renovate another house then rent it out, etc., and not report it as a business?
Can we renovate a house then rent it out for (how many?) years before selling and renovate another house then rent it out, etc., and not report it as a business?
The difference between business and rental isn't dependent only on time. It's also intent.
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