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Timeshare owners, beware of rising scams
We get many questions from readers on timeshares and, by far, the most common issue is how to get rid of the timeshare. There are many reasons why an owner would want to sell a timeshare.
For some, ownership can be measured in decades. But now, no one in the family uses it. They don’t want it and can’t imagine paying for it. Some of our ...Read more
The IRS home sale exclusion rule applies to primary residences only
Q: I read your column regularly and now I have a question for you.
We own two houses. One is in Chicago, which we purchased in 2010. The other is in Arizona, which we purchased in 2012. We spend the winters in Arizona and the rest of the time in Illinois.
We are getting older and it’s getting harder to maintain two homes. We’re thinking of...Read more