Do you own a vacation home or condo?
If the answer is yes, remember this…
If you use your property for personal use and business lodging, you’re entitled to some valuable deductions.
What’s more, you can avoid oppressive vacation-home, and passive-loss rules… rules that can cost you big money and big problems with the IRS.
(NOTE: Because we’re in the midst of the COVID-19 pandemic, using your business vacation home or condo while avoiding punishing taxes, may make a lot of sense.)
If you want to create money-saving deductions without tax complications, read the full article titled Tax Tips: Create Deductions: Use Your Vacation Home for Business Lodging.
Here are just some of what you’ll learn when you read
Create Deductions: Use Your Vacation Home for Business Lodging
- How to escape the onerous vacation-home rules
- The important exception to the “business-lodging” rule
- How entertaining at your property can doom deductions
- Why performing a good deed can have bad tax consequences
- How to bulletproof your deductions
- The right way to own your property
- And much more!
All will be explained when you read the full article
Create Deductions: Use Your Vacation Home for Business Lodging