Very impressed with the power PRC brings to assessing our primary and rental home costs, income, and tax projections.
However, as I attempted to model turning our current home into a rental in the future while simultaneously changing a rental home into our primary home, I didn't see an easy way to do so in PRC. Scoured the help file and didn't see anything in it.
I'm considering "selling" our primary home within PRC with 100% closing costs, and buying it as a rental home for 0$ as a possible work around, but realize this will cause a lot of negative second order tax effects.
Any thoughts on this approach or better, alternate ideas?
Thanks!
I can confirm that PRC doesn't have any specific capability to model this with all of the attendant tax effects.
Stuart Matthews
I know this was over a year ago, but this is one of the main reasons I bought PRC--we're planning on moving to our vacation home at some point and renting out our primary home, and I can't find any other system that can handle this in any reasonable fashion. Has anyone figured out a way to do this even without PRC having the capabilities built in? @splusten, what did you end up doing?
