Prairie Eco-Thrifter

NOVEMBER 6, 2017

We only own one home, no land, no rentals. It seemed reasonable to devote a greater portion to real estate, in order to further diversify our portfolio. Wouldn’t it be fun to have a place where our sons, their wives and our grandchildren could come together to play, visit and bond? Why we bought. Gather the family.

Vacation 124

Vacation Rent Taxes 2007 124

Prairie Eco-Thrifter

JULY 1, 2013

According to the New York Times , Jackie Onassis put the bulk of her estate in a charitable lead trust that paid out for 24 years, following which, anything left would go to her grandchildren. Give Away Your Home, But Continue To Live In It. That same Times article explains it this way: “Michael O. Give Back Money Tips'

Cake 201

Cake Taxes Giving Donation 201

Prairie Eco-Thrifter

AUGUST 11, 2015

I wanted a place for our family to gather – adult children and grandchildren along with us. I also wanted a bit more diversification in our portfolio and figured an additional piece of real estate could help that. The tax code for second homes used as rental properties is incredibly complex here in the US.

Vacation 100

Vacation Rent Taxes Grandchildren 100