Dennis Adams has a PhD from Texas Tech University and has research and practical experience in leadership, strategy and innovation, focusing on the bottom-line contributions that technology makes to organizations.

Does Non-Home Use of Your Home Damage Your $250,000 Exclusion?

The days when you could convert your rental property or vacation home to a principal residence and then use the full $250,000/$500,000 home-sale exclusion to avoid taxes are gone. Here’s how the $250,000/$500,000 exclusion works today. You must divide your period of home ownership into two categories—qualified and non-qualified use: Qualified use means the time

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