What Qualifies For Second-Home Deductions?

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
What Qualifies For Second-Home Deductions?

Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to DrFriday.com. This is a one-minute moment.

Dr. Friday 0:12
Second-home deductions. I will tell you, I seem to have more people nowadays than there have been in the past that are actually living or actually purchasing second homes not as rental properties, but as a true second home. Your cabin on the lake, for example, may provide you with more than just the relaxation that we all like to do. It could be a deduction. For tax purposes, a qualified second home must have a place to sleep, a toilet, and a kitchen facility which could also, guess what? A camper so you may be able to write the interest off on a second home even on your camper. If you need help, call 615-367-0819.

Announcer 0:51
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