Born near Bristol UK. Lived in Bleadon Village as a child and attended Bleadon Primary School then Weston-s-Mare Grammar School for Girls and Maria Grey School of Further Ed. Worked for Kuwait Airlines in the late 70's and early 80's before moving to the NY area.
Relocated to sunny Sanibel Island SW Florida where I have been lucky enough to live and work for the past 21 years. Raised one daughter, Charlotte who graduated from Adelphi University.
I have been selling real estate here on the islands of Sanibel and Captiva for over 15 years and thoroughly enjoy working hard to find that special little piece of paradise for each and every customer!
Feb. 20, 2017 – Question: My primary residence is in Florida. I have owned and rented a condo in Hawaii since 2004. If I stopped renting the condo and lived in it for half the year, would my condo be considered a second home? Would there be tax consequences? – Name not provided
Answer: If you lived in the condo half the year and no longer rented it, it would be a second home. You could deduct any mortgage interest and real estate taxes paid on the condo as part of your itemized deductions. You should maintain the depreciation schedule for your records because when you sell the property, depreciation factors can reduce your cost basis.
When you sell a rental property at a loss, you can deduct the loss. When you sell a second home, the loss is considered personal and is not deductible. In both cases, a gain on the sale would be taxable. – Paula Taylor