To get my complete, FREE article
with all the details…
Do you use a home for both rental and personal use?
Then I urge you to read the full article right now.
Why?
Because I’ll explain the complicated IRS rules that determine how much tax you’ll have to pay.
Home sweet vacation home.
When you use a home for both rental and personal use, the IRS considers it to be a “vacation home.”
It doesn’t matter if your home is on the beach or on a crowded block in the city. The IRS has decided to call your home a vacation home. Go figure.
Now things get sticky.
There’s no way I can get into this arcane subject in detail in this short email.
That’s because there’s a heck of a lot of material to master.
You’ll need to understand:
- Limits on property tax deductions
- Rules for deducting interest on home acquisition debt
- Impact on vacation properties not rented during the year
- Tax-law definitions of vacation and rental property
- Personal residence allocations
- Two ways to allocate interest and taxes
- And much more
But don’t panic…
In my new issue of the Tax Reduction Letter,
I’ll make everything clear. I promise.
Yes. I know this subject sounds complicated because it really is.
That’s all the more reason to know the IRS rules in order to keep your tax bill down.
Want me to explain everything in easy-to-understand language? It’s a challenge, but I will when you…
CLICK HERE and get the complete article…
“Watch Out if You Own a Home
for Rental AND Personal Use!”