Tax Deduction for "Vacation Home"

[Raykirk]

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

I certainly agree with you. It was also my explanation in vacation home. However, we need to ask first the accountant for this.

[CSinbad]

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.

[mc39576]

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