Key takeaways: No primary residence exclusion available: When selling a second home, you can’t use the primary residence exclusion that allows $250,000/$500,000 in tax-free gains. Multiple tax reduction strategies exist:…
Tag:
Vacation
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When planning a vacation , some of the biggest expenses are food, transportation and accommodation. While your choice of lodging and mode of travel offer some flexibility to cut back,…
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Regardless of your location or background as a vacation rental property owner, there’s one thing you all have in common: the drive for more 5-star ratings. A 5-star rating can…
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Unless you are incredibly rich or lucky, it’s highly likely that your vacation property is smaller than your primary residence. Having a smaller vacation property is a rational choice given…
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When you own a vacation home, the last thing you want to worry about is the security of your property while you’re away. As you head out, ensuring your second…