CHAPTER 15: Vacation Homes

November 2010
Every Landlord's Tax Deduction Guide (9781413312775);2010, p361
The article focuses on tax deduction for vacation homes used as a rental property. It says that the U.S. Congress mandates the prohibition of tax deduction for operating expenses and depreciation costs at the time the vacation home is used as personal residence. It mentions that all rental income receive from vacation home is tax-free if the home is mostly used for personal use and rent it out for little days. It also discusses the tax rules on deduction of operating costs from a vacation home.


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