Vacation real estate holds tax savings
Avoid IRS penalties by saving paid utility bills, cancelled checks
By Robert Bruss, Thursday, January 15, 2004.Inman News
Are you one of the millions of U.S. residents who own more than one home, which you occupy part of each year? If that is your fortunate situation, you might be overlooking significant tax savings from your secondary home. Depending on your personal situation, you may be entitled to tax savings both while you own your second home and when you eventually sell it.
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