Abstract
Chapters 23 and 24 focused on all of the rules related to rental real estate that is solely dedicated to that purpose. In many cases, however, individuals own real estate that they rent during part of the year and use for personal benefit during another part of the year. In these cases, there are a few additional rules that come into play that determine the expenses that you are allowed to claim as deductions on your tax return. At times these rules can make a significant difference in the tax you will owe, so it is important to understand how they work. It is possible that something as simple as staying one extra day in your rental in a given year could really cost you a lot of money. The following items will be discussed in this chapter:
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2014 M. Casey Murdock
About this chapter
Cite this chapter
Murdock, M.C. (2014). Second Homes and Vacation Rentals. In: TAX INSIGHT. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-0629-4_25
Download citation
DOI: https://doi.org/10.1007/978-1-4842-0629-4_25
Published:
Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4842-0630-0
Online ISBN: 978-1-4842-0629-4
eBook Packages: Business and EconomicsBusiness and Management (R0)Apress Access Books