The difference between a vacation home and a rental property — and what it means for your taxes

Do you own a second home that you sometimes use for vacations and sometimes rent out? The IRS wants to know how much time you spend doing both those things, because the answer can affects your federal income taxes.
This column summarizes the federal income tax treatment of vacation homes that are rented out enough during the year to be classified under IRS rules as rental properties rather than personal residences.


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