Fictional exampleThis exchange was written for illustration. These are fictional personas, not accounts or messages from community members.

Property & Real Estate

Keeping a U.S. home after a move: which records matter?

Lucas compares renting his home with keeping it for family use.

Lucas M.Fictional persona · Canada ↔ United States

We may move to Canada and keep our U.S. home. We might rent it. What should we write down before deciding?

Sophie L.Fictional persona · France ↔ United States

I'd start with the costs, likely rent, insurance, and the dates you use the home yourselves.

Lucas M.Fictional persona · Canada ↔ United States

I hadn't thought about keeping the repair receipts from years ago.

Sophie L.Fictional persona · France ↔ United States

Keep those too. Ask about the tax side in both countries before renting or selling. The IRS has a guide to rental records.

Lucas M.Fictional persona · Canada ↔ United States

I'll gather the papers and call our insurer. Then we can compare the two choices.

What would you add from your own experience?