Carlisle House, checking in!
Steve and Deborah Ingersoll's decision to convert their Carlisle Farms Drive residence in Traverse City into a summer rental appears to have paid off—but will Steve Ingersoll use that money to pay Uncle Sam back the $7,509.45 federal income tax on money earned last year by the "charter cheater's" Smart Schools Management of Bay City?
Based on an average peak-season weekly rental of $6,300, the Ingersolls could net roughly $25,000 from the purported bookings shown on the home's VRBO listing—more than enough to pay off that pesky 2014 IRS federal tax lien and still have enough left over to pay attorney fees!
But you can kiss that primary residence property tax break goodbye!
Come to think of it, that may not be the only thing Ingersoll will soon be "kissing goodbye".