Found 5 blog entries tagged as Vacation.

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The Internal Revenue Service considers four different types of real estate. Specific types of properties have benefits based on their classification. The determination does not depend on the property itself as much as it depends on how the property is used and what the owner's intentions are.

Principal Residence ... a principal residence is the place a person lives or expects to return if they are temporarily away from it. It could be a single family, detached home or condominium or a duplex, tri-plex or four-unit. The owner(s) can deduct the qualified mortgage interest and property taxes on the schedule A of their tax return. There is a capital gains exclusion on profit of up to $250,000 for a single taxpayer and up to $500,000 for a married…

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You’ve been planning this trip for some time and almost every detail has been considered…or has it? Have you thought about how to protect your home while you’re out of town? What’s going to make sure that everything you left is still there in you return?

Nothing could ruin a trip more than coming back to find out your home has been burglarized or worse. It makes sense to spend a little time before you leave on making sure your home is as safe and sound as it can be.

There are a host of devices to use across the Internet including camera door bells, video cameras, door locks, garage door openers, light and thermostat controls. You can monitor your home whenever you have an Internet connection. The question is whether you want the distraction from…

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Planning to go to the Masters next April 2-9th and don’t have a place to stay. Each year, there are homeowners who rent their home for a big premium during the Masters because hotels are in short supply and demand for private homes is up.47360108-crop.jpg

Homeowners go on vacation and make tax-free income while temporary tenants rent their home. Homeowners can benefit from a little known provision in the tax code that does not require taxpayers to recognize the income derived from renting their home for less than 15 days per year. See Plan Ahead for Tax Time When Renting Out Residential or Vacation Property- special rules.

This situation can particularly benefit homeowners where there are large sporting events nearby like golf and tennis tournaments, championship…

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Shadow: Mom and Dad just got back from their yearly trip to Mexico.
Mom is always so much more relaxed when they come back. She calls
it “re-charging” her batteries. That would make sense since Dad refers
to her as the “Every ready Bunny.” (whatever that is) If Mom is a bunny,
she sure is a cute one. Just like our newest member of the household,
Bob, the lop-eared bunny. Very cute I say, just like my Mom. Anyway
it’s good to have them home, and Mom is looking forward to helping a
whole bunch of families find a good home…just like Bob.

Rudy: Bob? What kind of name is Bob for a bunny? What is a bunny
for that matter? Is it a dog? If it is, then call it a dog! Whatever it is, it
sure seems to be getting a whole lot of attention. Attention I am used
to getting by…

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Well we’re back, from Mexico that is. As always it’s good to go and good to come home…even if it’s a 70
degree shift in temperature. While we are gone we monitor the Anchorage Daily News for the weather
and to tell you the truth, watching the ice evaporate in my glass, -5 didn’t exactly nudge me to return
home anytime soon. Both Dave and I agree though, two-weeks from home is just about right. We miss
the dogs (and Bob: see dog article) and business seems to just explode the minute I decide to leave town. I
don’t mind, don’t get me wrong. It’s just that when Dave and I leave, we take half the office with us leaving
Lester the shoulder the brunt of the load with support from Jessie and Kelleigh. I must say he did a bang
up job. In the past have felt more…

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