The Mordfin Blog - Trusted Guidance, Pertinent Finance Topics, & Accounting News...

Submit A File
Mordfin on LinkedIn Mordfin on Google+ Mordfin on Facebook Mordfin on Twitter

MORDFIN Blog

You might save tax if your vacation home qualifies as a rental property

Do you own a vacation home? If you both rent it out and use it personally, you might save tax by taking steps to ensure it qualifies as a rental property this year. Vacation home expenses that qualify as rental property expenses aren’t subject to the Tax Cuts and Jobs Act’s (TCJA’s) new limit on the itemized deduction for state and local taxes (SALT) or the lower debt limit for the itemized mortgage interest deduction.

Own a vacation home? Adjusting rental vs. personal use might save taxes

Now that we’ve hit midsummer, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax consequences:

Subscribe to Email Updates

Lists by Topic

see all

Posts by Topic