MAIN HOME
A term used by the Internal Revenue Service (IRS) that denotes the place where a taxpayer has lived for most of the tax year or the only home a taxpayer owns. Classifying a taxpayer’s main home is important in considering gains from the sale of the main home. Determining his or her main home is significant in taxation because vacation homes and investment properties are taxed differently.
Also called a principal residence.
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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03:30 | NAB Business Confidence | Apr | |
05:00 | Expected Annual Inflation 2y from now | 2 quarter | |
09:00 | SECO Consumer Confidence | Apr | |
14:30 | Building Permits | Mar | |
18:45 | SNB Chairman Thomas Jordan Speaks | ||
00:45 | Visitor Arrivals | Mar | |
01:50 | Domestic Corporate Goods Price Index | Apr | |
08:00 | Claimant Count Change | Apr | |
08:00 | Average Earnings Index | Mar |