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Vacation Home
Posted by Jacobsen & Wachterhauser, PLC on Oct 10, 2010 in Glossary, Income Tax Returns, Taxation | 0 comments
Definition of Vacation Home:
The Tax Code places limitations on taxpayers who rent their residences or vacation homes to others during part of the tax year. The limitations may result in scaling down of expense deductions for the taxpayer.
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The information found on www.phxaccountant.com is for general use
and is not intended for the purpose of rendering legal advice or other
professional services. Formerly Karpinski & Jacobsen, PLC.
Website provided by Phoenix Online Media - Phoenix SEO company & web-design firm.