Source: Sarasota Realtor Magazine February 2009 Author: Marc Mansfield - Government Affairs Director This is a very informative article regarding the changes in tax implications for a second home purchase.  In 2009, there are some new rules placed into effect as a result of the 2008 Housing and Economic Recovery Act when a second home is converted to a principle residence. Here are some explanations and examples of how this new rule impacts second home sellers. Governmental Affairs When a … [Read more...]