Vacation homes can be a great source of additional income for many people. What better way to make a few extra bucks every year than to rent out a house you can also use? But for many people, the tax rules regarding vacation homes and second homes can be tricky. If you are someone looking to find out more about this, you're in the right place. In this video, we go over some vital information you need to know about filing taxes on vacation homes and second homes. We first get into the differences between a rental property and a second home. We talk about specifics of taxes for investment properties, and then the particulars of taxes for a second home. We go over something knows as the 14-day rule, as well as how and when you are allowed to write off rental
expenses. So, check out this video today for crucial info on taxes for vacation homes!
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Jerry Pinkas Real Estate Experts
604 N 27th Ave
Myrtle Beach, SC 29577
843-839-9870

We are real estate brokers and advise you to check with your accountant and tax advisor for more information.
#VacationHomeTaxRules #IRSRulesForRentalProperty #SecondHhomeTaxRules
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