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The Frugal Life Forum
July 29, 2010, 04:20:47 PM *
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Author Topic: Tax Deduction for "Vacation Home"  (Read 5533 times)
CSinbad
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« Reply #1 on: January 31, 2004, 01:41:41 PM »

Ask an acountant or call IRS and ask where that information is in their tax book.  I think you can use repairs and depreciation on your taxes but I would read up on it to be sure.
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CSINBAD
mc39576
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« on: January 27, 2004, 07:02:34 PM »

From my understanding, a "vacation" home can be claimed as a deduction on your Federal Taxes and it doesn't have to be a "home".  It can be a camp, camper, lot used to vaction, etc.  It can also be "rented" at least 15 days out of the year, and used for personal use at least 1 day out of the year, to claim other deductions, maintenance & depreciations.  Any one have anymore info on this? Might be worth looking into to save some big bucks next year for "frugals" like myself.  Mc39576
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