Real estate tip: Rental unit subject to different tax laws

Is my primary home considered income property?

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No. Income property is investment property that is not occupied by the owner but is used to generate income. If you own a duplex and live in one side and rent out the other, the side you rent would be considered income property. It is subject to different tax laws than your primary residence. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....