With my rental property that is also a second home, why does the number of days that we use it affect our return?
The number of days you use the home changes the allocation percentage of expenses. So, the more you use the home, the less expenses you deduct and higher tax liability you incur.
With my rental property that is also a second home, why does the number of days that we use it affect our return?
The number of days you use the home changes the allocation percentage of expenses. So, the more you use the home, the less expenses you deduct and higher tax liability you incur.