Is your vacation home a vacation home? If you bought your vacation home exclusively for personal enjoyment, you can generally deduct your mortgage interest and real estate taxes, as you would on a primary residence. Use Schedule A to take the deductions.The IRS even allows you to rent out your vacation home for up to 14 days a year without paying taxes on the rental income. You … (0 comments)
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Tax Deductions for Vacation Homes
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