There are certain rules in renting out a vacation home that if followed can actually get you tax free income. See this posting on MarketWatch in The Wall Street Journal by Laura Saunders:
The final verdict is: learn the rules, follow them and possibly save some taxes!
For financial, accounting and tax musings,
You can count on us to count for you!
Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com
Has been Featured On
https://twitter.com/bstonercpa