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The Internal Revenue Code has specific tax laws surrounding vacation homes that a taxpayer rents and also enjoys for personal use. Ultimately, the number of days rented versus days of personal use will impact tax reporting and to what extent expenses relating to the vacation home are deductible. The following highlights some of the most important aspects of these tax laws, but is not intended to be a complete discussion.
We’ve taken the FFIEC 36-page proposal and condensed it for you into just a couple of pages.
Sales of previously owned homes rose in nearly every region of the country in January according to an industry report released Thursday. Meanwhile, the supply of homes for sale continued to drop, pushing up property values for the 11th consecutive month of year-over-year gains.
Mike Ferry is the founder of The Mike Ferry Organization, the leading Real Estate Coaching and Training Company.
Single family home tenants are 18 percent more likely than apartment tenants to stay in their current homes five years or longer, suggesting that demand for single family homes, the fastest growing rental category, will be more stable than multifamily demand, according to a new national opinion survey released today by Premier Property Management Group.
Matthew Inman is the Seattle-based writer, artist, and coder for a popular webcomic called The Oatmeal. Inman is also a content genius - a champion for creative people everywhere.