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Reporting Income from Vacation Home Rentals Under Today’s Tax Rules

Vacation Home

Those who own a vacation home for personal and rental use need to know how to report the income and expenses under the new tax law.

Do you own a vacation home that’s rented out but also used for a significant amount of time by you personally? Such properties are subject to tax rules that are different from those that apply to properties rented out with minimal personal use. Here’s how to optimize your tax results in light of several key changes made by the Tax Cuts and Jobs Act (TCJA). Read more