Brown: Vacation homes sensitive to economic slumps - 2003-06-19
Once to Margarita to windsurf, another time to Puerto Rico, and then to to Aruba. A few times to the Finger Lakes to boat, fish and tour wine country. Two trips to the Outer Banks. ... My family and I had a various great vacations over the past few years.
Generally, the biggest expenses -- mortgage interest payments and real estate taxes -- are deductible on your federal income tax whether you rent the property or not.
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