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Article Date:
August 2013

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Repair That Vacation Home

How does your vacation home behave for tax purposes?


Is it a second home?


Is it a tax-favored rental property?


Are you taking advantage of the repair-day tax benefit?


Rental Property Rule


When you use your vacation home for both rental and personal purposes, the law classifies your vacation home as either a personal home or a rental property.1


It’s a personal home when you use the vacation home for personal purposes more than the greater of:2



14 days, or


10 percent of the total days you rented ... Log in to view full article.

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