vacation home – The Burns Firm – Advisors of Complex Financial Matters

Taxes When You Sell an Appreciated Vacation Home

May 14th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Sale of Vacation Home, Selling A Home, Services, Tax, tax accountant, Tax Advisor, tax write-offs, The Burns Firm, Vacation Home|Tags: cpa near me, Dallas CPA, Sale of Vacation Home and Taxes, tax, tax advisor, Taxes on Sell of Appreciated Vacation Home, Texas CPA, The Burns Firm, vacation home|

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal [...]

Tax Rules of Renting Out a Vacation Property

April 21st, 2022|Categories: Accountant, Accounting, Burns Firm, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Services, Tax, Tax Deductions, tax write-offs, The Burns Firm|Tags: can i calssify my vacation home as a rental, can I get a tax break for renting out my vacation home, CPA, CPA Dallas, cpa near me, Dallas CPA, how can I use my vacation home, personal residence vs vacation home, tax accountant near me, tax breaks for renting vacation home to others, tax on vacation homes, The Burns Firm, vacation home, vacation property as a rental|

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the [...]

Vacation Home: How Is Your Tax Bill Affected If You Rent It Out?

October 12th, 2021|Categories: Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Tax, Tax Credits, Tax Planning, Tax Preparation, Tax Return|Tags: can I claim gambling losses on my tax return, CPA Dallas, cpa near me, Dallas accounting firm, Dallas CPA, how is my tax affected if I rent out my vacation home, North Dallas tax preparer, tax on vacation homes, tax preparer near me, vacation home, vacation home and tax|

If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can [...]