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Page General » General Discussion
Archived [ARCHIVED THREAD] - tax question.
Posted: 9/14/2005 3:44:58 AM EDT
i have a Bug out cabin that i am improving.
can i use it as a "rental" property or a second home and take the improvements as a tax deduction?

thanks.
Link Posted: 9/14/2005 7:50:17 AM EDT
[#1]
hk940;

You can take interst and property taxes on the cabin as itemized deductions on your Schedule A.

From what you're saying, you'd be hard pressed to justify it as a rental property; plus the fact that you'd be looking at a tax problem if you ever sold it for a profit.

SD, CPA
Archived [ARCHIVED THREAD] - tax question.
Page General » General Discussion
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