You can’t write off anything for your vacation home in most states/provinces/countries. But a rental property you can write off a lot but that also depends on your state/province/country and also if you’ve set yourself up as a ltd. company or something that would allow you to use more to write off. References : realtor
2 Responses to “which property provide more tax deduction, vacation home or rental property/?”
By Landlord on May 28, 2011 | Reply
Well, the vacation is none at all.
References :
By the_unluckiest on May 28, 2011 | Reply
You can’t write off anything for your vacation home in most states/provinces/countries. But a rental property you can write off a lot but that also depends on your state/province/country and also if you’ve set yourself up as a ltd. company or something that would allow you to use more to write off.
References :
realtor