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! For more information on this, head here: https://www.myrtlebeachcondoforsale.net/blog/vacation-rental-tax-rules-so-you-wont-get-screwed-irs/
Jerry Pinkas Real Estate Experts 604 N 27th Ave Myrtle Beach, SC 29577 843-839-9870
