Renting a residence may have nontax advantages over owning a home.

Name: Renting a residence may have nontax advantages over owning a home.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

Renting can provide flexibility in terms of location and the ability to easily move without the stress and costs of selling a home. Additionally, renters do not have to pay for home maintenance or property taxes, which can be significant expenses for homeowners.

Renting a Residence May Have Nontax Advantages Over Owning a Home