What are the Tax Rules for Florida Vacation Homes?
Posted by Team Donovan on
Owning a vacation home can be an investment that creates a new source of income for you and your family. But there are tax rules that home investors need to consider when owning vacation homes in Kissimmee, FL.Â
Understanding tax rules helps you comply with state laws and avoid costly legal issues down the line. Knowing when and how to pay your taxes can help you get the most out of your home investment.Â
Owning a Florida Vacation Home
Popular short-term rental platforms like Airbnb and VRBO make it easy for homeowners to reach more people looking for properties that have the features and amenities they want.Â
But like all other forms of income, there are tax liabilities to consider when earning income from a vacation rental property. In the…
Many people buy a vacation home near Disney World so they can generate income by renting it out to holiday visitors. Buying a second home is a big investment, so it’s important to put security measures in place to protect your property. This is especially vital for home owners who live outside of the area – whether you’re a snowbird, or a resident of another country, like the U.K. or Canada. Here are several vacation rental security tips to help keep your home and its contents safe.Â