Absentee Condo Ownership Can Be Risky From: The Washington Post | Date: September 19, 1987| Author: Benny L. Kass | Copyright 1987 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

As a new foreign service officer, I wonder if I ought to buy a condominium before going out on my first assignment. I have to weigh the tax shelter aspects against the cost of renting and managing the condominium while I am overseas. Also, I understand that the IRS interpretations of tax laws regarding occupancy may be in flux. If I do not live in the condominium immediately, but rent it out and then live in it (for six months or one year) after I return, can I still claim it as an owner-occ...

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