- primary residence

How to Avoid Capital Gains Tax on Your Vacation Home - Part 2

Posted by Team Donovan on June 24th, 2020

Capital gains tax is a factor that home investors in Central Florida need to consider when selling their Disney vacation homes. In part one of this series, we shared some of the ways you can reduce your capital gains tax liabilities such as by selling other assets, reduce your taxable income, and deduct common ownership expenses.

Making your short-term rental home your primary residence is another way to avoid most, if not all, capital gains taxes and get the most out of your holiday home investment.

Residency Requirements for Your Orlando Vacation Home

If you’ve been using your vacation home as a short-term rental property, you can start spending more time there as a way to make it your primary residence. Each state has its own residency…