Bradford Tax Institute
Article Date:
October 2006


Word Count:
437

 

 

Qualifying for the 1031 Exchange on a Vacation Home


Tax law makes your vacation home rental either a rental property or a personal residence. Your vacation home rental is a personal residence if your personal use exceeds the greater of 1

 

·

14 days, or

·

10% of the number of days rented at fair rental.

Repair days do not count as days of personal use.2

 

Example. You have a vacation home at the beach and you use it 14 days every year for vacation and 7 days for repairs. You rent it for 133 ... Log in to view full article.

Already a subscriber?
User Name
Password


You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee



Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development

 

SS