Tuesday, April 27, 2010

Vacation Homes - Tax Considerations

Owning a vacation home presents a number of situations that have tax implications. Whether it be capital gains from the sale, or reporting rental income, you need to understand the rules. This article covers four areas that you'll find interesting...
  • Is your vacation home a vacation home?
  • Tax deductions for rental homes
  • Mixed use of a vacation home
  • Capital gains loophole closed by the IRS

Check out the whole article ... Here.

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