Gulf Life Now
Home maintenance, buying and selling your home, personal finance, and other lifestyle topics. Personal experience is the key to topics on Gulf Life Now. You need not live on the Gulf Coast to benefit from this podcast. Topics including taxes and how they affect your decision to buy real estate. Retirement planning and buying or selling a home after retirement.
Visit our website and read some of our many articles some of which are about topics on this podcast. GulfCoastalRealtors.com
Gulf Life Now
Tax Time Create a business for your second home as a Vacation Rental
Lots of people have a second home which was partly purchased for tax deductions. Changes in the tax code starting in 2018 have eliminated much of the property tax and interest deductions available to second-home buyers.
The very large standard deduction is great but why not take advantage of tax law to save more of your income? Create a business to rent your second home. Flip that property into the business and you can file a business tax return reinstating the lost opportunities the tax code changed.
Learn how this is done by listening to this podcast. Why not make a few dollars on your vacation home and save even more?
Check out our website: LoganAndersonllc.com