Renting second home complicates taxes

Real Estate Tax Talk

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Many people who own vacation homes they no longer need or can afford are renting them out because they can’t sell them at a decent price, or sell them at all.

The tax treatment of the income and expenses from a vacation home depends on how much the owners use it. Things can get complicated if you spend time in your vacation home for part of the year and also rent it out.