How Does Your Vacation Home Affect Your Taxes?
No matter your goals for a second home, understanding the tax breaks for your vacation residence can help you relax in style. What is a Vacation Home? First, you’re going to have to unlearn your definition of a vacation home. According to the IRS, a vacation home can be any residence that has sleeping space, […]
Vacation Home Rentals & Your Taxes
Do you own a vacation home or second home? If you rent a home to others, you usually must report the rental income on your tax return. But you may not have to report the income if the rental period is short and you also use the property as your home. In most cases, you […]
