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Tax Implications of Renting Out a Second Home

Tax Implications of Renting Out a Second Home

by | Jan 1, 2023 | 0 comments

In general, revenue from renting a vacation house for 15 days or more has to be recorded on Schedule E, Supplemental Income and Loss, on your tax return. You should also be aware that the term “vacation home” does not always refer to a dwelling. The IRS considers...