Tax Consequences of a Vacation Home Rental

Tax Consequences of a Vacation Home Rental
Last week we discussed rental properties. Today, we’re talking poo. No, wait, that was the conversation the doctor had with my five year old this morning. Not pleasant, and made me never want to eat mashed potatoes again. On the site, we’re discussing something that’s (hopefully) ess smelly: the tax consequences of Vacation Home Rentals. Handling Those ...

Taxes and Destruction – The Casualty Loss Deduction

Taxes and Destruction - The Casualty Loss Deduction
While growing up in Redding, California, the disasters rolled around every year like our SimCity god was bored of our typical day to day living. If we didn’t suffer massive flooding and storm damage in the winter, then we could look forward to uncontrolled fires in the summer. Catastrophic events hit throughout the nation all the time, ...