Category Archives: Tax Benefits

Knowing the Three Tax Scenarios for Vacation Homes

By | Accounting, Tax Benefits | No Comments

by Ken Berry on Jun 25 2014 Some of your clients may own a second home that they treat as a vacation getaway. If they can afford to use it personally all year-round, more power to them, but the tax benefits are few and far between. However, others choose to rent out the home to tenants, at least part of the time. In this case, the tax breaks can be bountiful, but the rules are…

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