In 2006,Regina purchased a home in Las Vegas which cost $280,000.Due to increase in the market value of the home,she refinanced and her debt on the home totaled $300,000 at the end of 2007.Regina accepted a new job in Dallas in April 2011.Unable to sell her home,she rented it in November 2011,at which time its fair market value was $240,000.In June,2013,she sold the home for $230,000.What tax issues should Regina consider?

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The Answer of In 2006,Regina purchased a home in Las Vegas which cost $280,000.Due to increase in the market value of the home,she refinanced and her debt on the home totaled $300,000 at the end of 2007.Regina accepted a new job in Dallas in April 2011.Unable to sell her home,she rented it in November 2011,at which time its fair market value was $240,000.In June,2013,she sold the home for $230,000.What tax issues should Regina consider?

In 2006,Regina Purchased a Home in Las Vegas Which Cost