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How To Make Your Vacation Home Pay
By reinvestor on December 2, 2015
Jo Ann Snover/Shutterstock
If you own a vacation home that you use for both rental and personal purposes, now is a good time to plan how to use it for the rest of this year and for next year — with tax savings in mind.
This is especially true if the property is in a winter destination. Even if you only rent the property during the summer, planning now for how it’s used next year could save you money on next year’s tax return. I’ll tell you what you need to know in two installments.
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