If you are a vacation home landlord or thinking of becoming one, it is time to review the tax rules on rental income from second homes. First, the good news: One of the tax code’s best freebies allows homeowners who rent out their property for 14 or fewer days a year to pocket the rental income, tax-free. Apart from this one simple provision, the remainder of the rules are among the messiest in the tax code.
Tax Rules for Renting Out Your Vacation Home
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