Latest Breaking News On - Vacation rental properties - Page 5 : comparemela.com

As we enjoy this fall season, it is important for vacation rental owners to continue to increase investment income. Maximizing tax benefits and understanding deductions can significantly boost off-season rental income. Let’s look at ways to make your vacation property work harder for you year-round.   Tax Benefits (and Pitfalls) of Vacation Rental Properties – Let’s Maximize the Good! While owning a vacation rental property can bring in more revenue streams, it can also have tax benefits (and some pitfalls), too. Carolina Retreats is committed to helping you maximize the good when it comes to revenue income and tax benefits.   The tax treatment of rental property expenses depends on whether the taxpayer also used the property as a home in the year. According to the IRS, a vacation rental property is considered a home of the taxpayer, if they also used the property as a home during the year for personal purposes more than 14 days OR 10% of the total number of

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