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Taxes on Vacation Homes
You'll fall into one of three tax categories depending on how you use the home.
 
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Posted 4:21 PM EST August 17, 2008
Posted by: JingleRock
What is the date of this article?
Is there a way to obtain the author's email address?
Posted 12:03 AM EST June 21, 2008
Posted by: ddiego08
sorry typo
In the example 75% write off personal (personal use + home empty)
Posted 12:01 AM EST June 21, 2008
Posted by: ddiego08
In case Use a Lot, Rent a Lot:
In the example 75% write off personal (personal use + interest), now this si a second home and second mortgage. First mortgage already 700k , assume second home 600k -> this will be over 1100k cap.
I'm i correct to asssume that i will be able to write off 75% of the interest from 400k (1100-700)?
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