Tax Benefits of Owning a Second Home or Vacation Home

Since tax season is rolling around I thought it would be a great idea to write an article about the tax benefits associated with owning a second home or vacation home.

It pays to know the subtle details involved with determining whether the home you own as a second home qualifies as a second home entitled to receive 100% in tax deductions or as a second home where you take deductions as an expense. It seems the Internal Revenue Service (IRS) has determined that 14 days is the magic number for qualifying your second home as full use or part-time use. In order to receive the best tax position, you need to know the difference.

My article titled Tax Benefits for Second Homes and Vacation Homes answers some basic questions about owning a second home and the pros and cons you need to know about second home ownership. Click on this link to read more about the tax benefits of owning a second home or vacation home.

Tax Benefits for Second Homes and Vacation Homes (MarleneB, HubPages.com)

Vacation Rental Directories Help Find Vacation Homes (bertrandrealty.wordpress.com)
Your Vacation Home and Your Tax Return (turbotax.intuit.com)

For more information about real estate, visit www.BertrandRealty.com.

About marlenebertrand

Marlene Bertrand is a seasoned real estate broker for Bertrand Realty and a Certified Authenticity Life Coach. She empowers her real estate agents and clients alike to embrace a life and career that aligns with their true values. Marlene believes that simplicity is the key to fulfillment, and that genuine satisfaction comes from living with spiritual awareness, honoring others, and respecting the environment around us. Through her guidance, she helps people cultivate authenticity in both business and life.

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