Renting Out a Vacation Home

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Tax rules on rental income from a vacation home can be complicated, particularly if you rent the home out for several months of the year, but also use the home yourself.

There is however, one provision that is not complicated. Homeowners who rent out their property for 14 or fewer days a year can pocket the rental income, tax-free.

Known as the “Master’s exemption”, because it is used by homeowners, near the Augusta National Golf Club in Augusta, GA who rent out their homes during the Master’s Tournament (for as much as $20,000!). It is also used by homeowners who rent out their homes for movie productions or those whose residences are located near Super Bowl sites or national political conventions.

For instance, if you live close to a vacation destination such as the beach or mountains, you may be able to make some extra cash by renting out your home (principal residence) when you go on vacation–as long as it’s two weeks or less. And, although you can’t take depreciation or deduct for maintenance, you can deduct mortgage interest and property taxes on Schedule A.

In general, income from rental of a vacation home for 15 days or longer must be reported on your tax return on Schedule E, Supplemental Income and Loss. You should also keep in mind that the definition of a “vacation home” is not limited to a house. Apartments, condominiums, mobile homes, and boats are also considered vacation homes in the eyes of the IRS.

Further, the IRS states that a vacation home is considered a residence if personal use exceeds 14 days or more than 10% of the total days it is rented to others (if that figure is greater). When you use a vacation home as your residence and also rent it to others, you must divide the expenses between rental use and personal use, and you may not deduct the rental portion of the expenses in excess of the rental income.

For example, let’s say you own a house in the mountains and rent it out during ski season, typically between mid-December and mid-April. You and your family also vacation at the house for one week in October and two weeks in August. The rest of the time the house is unused.

The family uses the house for 21 days and it is rented out to others for 121 days for a total of 142 days of use during the year. In this scenario 85% of expenses such as mortgage interest, property taxes, maintenance, utilities, and depreciation can be written off against the rental income on Schedule E. As for the remaining 15% of expenses, only the owner’s mortgage interest and property taxes are deductible on Schedule A.

Questions about vacation home rental income? Give us a call. We’ll help you figure it out.

A Perfect Place For Relaxation In Beaches Of Dubrovnik

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When it comes to natural beaches so to speak, it has to be said that these parts of the world have not been blessed by the smoothness of sand. To decorate it with the latest fashion brand towel, the local folk have got used to the rocks where one goes to an extra length to find a flat spot.

On the island of Lopud, Dubrovnik Region has one sandy beach and, in the little hamlet of Srebreno, part of Zupa Dubrovacka Riviera there is a second beach. Not including little hideaway that one can stumble upon, these Dubrovnik beaches are public. Pebble ones are the majority of beaches. Gaining in popularity and holding the coolest beach title, the last tourist season in Dubrovnik has witnessed the beach at Dubrovnik President hotel. Having little hideout spots for the right reasons as a large number of small boat owners are known to slow down when passing by, the FKK beach is also situated nearby Dubrovnik President beach.

A synonym of what is like to chill out and enjoy unspoilt nature, the island of Lokrum represents. The island is an oasis of peace and tranquillity, situated at a stone throw away from the Old Town port. Just shows that dipping a la nature rocks, this island also boasts about the biggest FKK beach. Half of it reserved for the naturists, the beach in Plat, situated on Zupa Dubrovacka Riviera, has a wonderful pebbles beach. Located in exclusive Place suburb of Dubrovnik, I have omitted on purpose Banje beach, a central beach, in my opinion expensive, the part which a restaurant-club. I have to add that free to access is the second half of the beach. Associated with the culture of bathing, sunbathing, swimming etc, the values have been dictated by Croatia’s natural beauty. Let the rest be the magic moment of your stay in Duborvnik and Croatia after you just go in search of a hidden gem of a spot.

One can look out for various activities, while at Dubrovnik. Regarded as one of the top diving areas in the world is the Adriatic Sea belonging to Croatia and as the most beautiful underwater worlds, the underwater world around Dubrovnik is considered. On the Dubrovnik islands, one can experience adventurous tours and scintillating Dubrovnik night life. The vigor and passion of your life is recreated at the Elaphite island, with sea kayaking.

On the seas of the Croatian coast, experienced guides arrange for sailing excursions. With countless bays, beaches, ports and marinas which will prove to be a heaven for sailors, enjoy sailing on the natural harbors.

While the deeper parts offer the challenge of big game fishing, fishing can be an interesting activity with the coastal parts of Dubrovnik region rich in small and medium game fish.

Future Vacations Jayanagar Bangalore Is A Travel Company Which Is Known For Its Excellent Client Ser

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Excitement and thrill are the two important factors which drives people to go for a vacation trip. Spending quality time with dear ones gives immense pleasure. In such kind of tour, when we move away from our busy and hectic daily life, we get a chance to revive our lost energy level and inner happiness. In that sense vacation tours are very important to bring solace to our tired body and mind. But if these trips are not meticulously planned, then the result can be different. With a single mismanagement, the charm of the whole trip may wither away in the air of tension. In short, we can say that when we think about spending our holidays in any unknown location we need to get it precisely planned. And the better way of doing it is to consult with a travel company which has sound knowledge of the travel industry. Proper local connections and thorough knowledge of the locations can take your journey to a next level. But, at that same time, you should also check the credibility of the travel agency before investing. As the competition is very tough, you may get cheated in the ocean of lucrative offers. Well, in this matter, one can trust the service of Future Vacations Bangalore which relies on client satisfaction and full commitment. Future Vacations Jayanagar Bangalore is a travel company which is known for its excellent client service and healthy tie-ups.
Credited for its ever-increasing vendor base, Future Vacation Jayanagar Bangalore reviews always keep track of the existing market. Proper care is taken about the budget of the clients so that they can offer the best deal out of their decorative range of travel packages. Led by a team of proficient travel advisors Future Vacations, Bangalore has successfully offered best customized travel packages to its high esteemed clients.
Its wide reach in more than 93 countries, has also helped the company in building a strong rapport in the travel and tourism industry of the country. With over 4000 affiliates, Future Vacations Jayanagar Bangalore looks forward to serve its clients in the best possible manner. At the same time, it also relishes on its extensive experience which has created a profound niche for the company among its market competitors. The sole aim of Future Vacation Jayanagar Bangalore reviews is to work as a master vacation planner for its valuable customers. And during the course of making this dream true, the company will also keep track of the budget constraints of its esteemed clients.

Some Ways To Make Hotel Bookings Online At Discounts

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The troubles of travelers have been eased by online hotel bookings .The web is replete with web directories that feature online bookings for flights, autos, hotel, and more.

There are many benefits to making hotel bookings on the internet. You get the very best rates, great concessions and the choice to select from many hotel. Today travel has changed into a consumer’s world and a smart consumer can get great deductions and stay at the best hotels without going broke.

1: Sign in to the net and look for hotel booking directories. Sites like MSN travel and Yahoo travel will include a great many reputed Online Hotel Booking Directories.

2:Select a web Index that’s established and credible and features hotel where you intend to go. Check scrupulously with the better business bureau and online blogs and forums whether there are any issues with the Online Hotel Directory and if it is well liked.

3:Get quotes from more than one hotel. Make a comparing of the quotes and facilities on offer. Be certain to check whether the net booking will allow you to any offers like free pick up and drop or an additional day stay at no charge.

4:To inspire folks to use Online Hotel Booking Directories often there are very good offers put in effect. Find out whether your ATM card or flying miles card or pro membership entitles you to further deductions or offers.

5:.Make sure that the payment gateway is secure and the catalog will give you swift confirmation of and a bill for your booking.Before filling in your Mastercard details you have to check how secure the system is.

6: Always read through the T&Cs scrupulously before arranging a reservation. Protect yourself by guaranteeing the hotel is situated close to where you have to go and has a good reputation. Check where the hotel is found Vis-a Vis the town center and airfield and if it is apart of a gigantic hotel chain.

Many online hotel booking internet sites supply a faithfulness discount and have tie-ups with major cards and airlines. So as a customer check all of your options before arranging a booking. Find out whether the rates in the week are lower or higher than the weekends. In the case of business hotels frequently the week ends are less expensive while in the case of other hotels bookings made for mid-week are cheaper. Many hotels offer food discounts or reductions as well as additional day free stay options during off season or for regular consumers or as a promotion offer. Also hotel have in place what are called company and govt rates so see what the varied options are so you will get the very finest rate.

Book early, confirm your plans, and guarantee you’ve a bill in hand as well as 24 / seven client service numbers.This can ensure you can travel with peace of mind.

Plan A Memorable Trip To The Exotic Andaman And Nicobar Islands

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Indian tourism is appreciated a lot for its beauty and religious values, therefore tourists from different countries are attracted towards India. India has several beautiful tourist attractions and one of such beautiful places is Andaman and Nicobar Islands. This is a group of islands which are situated at the stage of Andaman Sea and The Bay Of Bengal. Surrounded by water and natural greenery, the Islands are considered as the Honeymoon paradise for newlywed couples. Moreover, these are the most sought after islands across the world and grabs attention of every traveler.

If you have planned an Andaman and Nicobar Islands tour, then the major attractions you must visit are as follows:

Port Blair: Port Blair is the capital city of Andaman as well as the entry and exit point of these islands. The most popular tourist attraction in this city is the Cellular Jail and its sound and light show. The jail is popular worldwide as it is associated with the struggle of Indian freedom fighters. Ross Island, Viper Island, JollyBuoy Island and North Bay Island are other places around the city where you can enjoy water sports and other adventures like snorkeling, scuba diving, etc.

Havelock Islands: If you want to enjoy the adorable beauty of nature like the limitless blue sky, fresh air, amusing climate, magnificent beaches, influential palm trees & green surroundings, then nothing can beat the exotic Havelock Islands. Known for its incomparable beauty, the island is a must to visit. The charm and beauty of gorgeous Radhanagar beach is unparalleled and hence it is favorite honeymoon sport for all newly married couples.

Neil Islands: Neil islands are other popular islands of Andaman. It is well-known for its green forests and sandy beaches. Laxmanpur, Bharatpur and Sitapur beaches are best tourist spot for all beach lovers. Moreover, you can also enjoy the beautiful sea full of amazing corals and fishes on these islands. The beautiful water surroundings magnetize the adventure sports lovers to take pleasure of snorkeling.

Nicobar Islands: Nicobar Islands are also popular tourist spot where people visit to know about the tribal people and their life. Most of the Nicobar Islands are occupied by the tribal and if you love to know about their lifestyle, then these are the ideal tourist spots.

So, if you have not yet planned a trip to Andaman and Nicobar Islands, then plan it now as there can nothing is as beautiful as these islands.

Cheap Kerala Holiday and Honeymoon tour Packages – Make Your Choices and Preferences

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Kerala, one of the most exhilarating tourist destination located in the southwestern part of India has successfully maintained unique cultural characteristic with customs, arts and festivals that not simply continue to boom but as well generate a great source of income encouraging tourism. Kerala tour packages include many of exciting touring destinations including backwater, serene beaches, plantations and greenery, beautiful hill stations, houseboat tourism, rejuvenating spa and ayurvedic tour packages, wildlife tour packages, etc. The great thing is that you can easily book a holiday tour packages as per your choice and preferences.

Cheap Kerala holiday and honeymoon tour packages offer you a great opportunity to view the lovely flora and fauna of the state. If you are a wildlife lover, the Wayanad, Periyar, Munnar and Kumarakom bird and Wildlife Sanctuary not only allow you to view different types of birds and animals but as well to enjoy elephant safari.

Kerala tour package include the beautiful hill stations and among all those Munnar is one of the most beautiful and serene one which widely cater the attention of honeymoon couples and holidayers from all around the world. These days the backwater or houseboat cruise packages is the most desirable holiday package and seeked out by both domestic and foreign tourists. The places particularly available for houseboat tourism are Alleppey, Kumarakom, Kochi, and Kottayam etc. You will truly enjoy overnight stay when it cruising through narrow canals and passing through beautiful villages of God’s Own Country-Kerala.

Imperial India tour packages are also perfectly designed to delight honeymooners. If you are a newlywed couple and planning to spend your precious time with each other honeymoon tour packages take you to some of the most beautiful and exciting destinations including Kerala, Darjelling, Mount Abu, Manali, Mussorie and more. These destinations easily provide you better accommodation facilities in the form of resorts and good hotels. The rates of the package differ depending upon the destination, your number of days of stay and facilities provided.

The incredible India is truly vast and beautiful and north India being no exception. This part of the country has ample of tourist attractions that assure you some of the best travel destinations. Knowing this fact, north India tour packages provided by travel agencies include some eye-catching destinations like hill stations, snow capped mountains of the Himalayas, deserts of Rajasthan and cultural attractions. The Golden Triangle tour constitutes some of the vibrant cities including Delhi, Jaipur and Agra.

As far as hill stations of northern part of the country is concerned, places like Gulmarg, Dehradun, Mussorrie, Mount Abu, Nainital, Ranikhet, Srinagar, Patnitop and Shimla and more offer an ideal summer gateway or for a honeymoon. The major hill stations located in these places as well provide you with vast opportunities for adventure sports like trekking and mountain climbing etc.

Imperial north India tour packages as well include wildlife tourism, desert tourism, hill station and pilgrimage tourism to meet varied desire and taste of people interest.

How To Get Huge Savings On Your Disney World Vacation

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Have you ever been on a Walt Disney World vacation? If your answer is no, then what are you waiting for? This magical wonderland is just what you and your family need to wash away that stress and fatigue that comes from the redundant 9 to 5 work week.

It’s time to take a break with Mickey and his pals. You can check out Universal Studios and Epcot Center. Have a blast watching wonderful shows and enjoying fabulous restaurants. That Walt Disney World vacation is waiting for you. Can’t you just taste those delectable treats and see those fireworks? It’s high-time to get on the World-Wide-Web and see what’s available.

I can recall the last time I went on a Walt Disney World vacation. Okay, so it was the only time I’ve been down to the Magical Kingdom; regardless, it seems like yesterday. I was only eleven years old when my folks took me and my brothers on a Walt Disney World vacation. I was so excited I could hardly stand it. I wanted to do everything, taste everything, and see everything. I wanted to meet Pluto and ride every roller coaster in the park. I knew it was going to be amazing. Back then I’m sure the entry tickets weren’t quite so pricy, but at least now days we have an advantage. Yes, I’m talking about the Internet. Cyberspace is the perfect route to finding the absolute best deals and packages regarding your Walt Disney World vacation. You can choose where to stay and how many days you wish to have access ahead of time. When you take advantage of the Walt Disney World vacation package deals, you save your hard-earned cash. Besides, it pays to plan ahead of time. Go ahead and book your room right in the middle of things. Now days you can choose from Disney World resorts. It’s all at your very fingertips, folks.

Are you planning that big Walt Disney World vacation? Summer is upon us, people. Maybe it’s time you prepared for those vacation days with the family. That warm sun will get you motivated. Doesn’t a Walt Disney World vacation sound ideal? If you simply pop open your Google search engine, you can sort through a number of deals. Book that round trip flight and hotel stay at the same time. This way everything is already taken care of. Make your Walt Disney World vacation a relaxing one. The last thing you need is added stress and chaos.

Consider The Abc Islands In The Caribbean When Buying Your Next Vacation Home

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ABC islands is the name for three beautiful Caribbean islands with crystal clear waters and golden sands, Aruba, Bonaire and Curacao. Tourists who visited these islands consider them to be a true breath of fresh air, a welcomed change from the English, French or Hispanic influenced islands in the Caribbean.

The local language is Papiamento which is a mixture of primarily Dutch, Portuguese, Spanish, English and French. While Papiamentu is the language of the locals, most of them can also understand and speak English and Spanish. The locals use Dutch names, and the local currency is the Florin, but dollars are very well accepted too. These three islands Dutch influence is given by the fact that they are still part of the Dutch Kingdom.

The simple idea of having a vacation home in the Caribbean is seen as a dream. The truth, however is that not all Caribbean properties are worth millions of dollars. If that were true, it would mean that everyone living in the Caribbean would be a millionaire. The truth is that the offers of Caribbean real estate companies hold Caribbean properties from $50,000 to 1M+. So the cost for a Caribbean real estate property with two bedrooms is available anywhere between $100K and $200K.

On the ABC islands, Curacao real estate, Bonaire real estate and Aruba real estate is an entirely different world from what we are used to when it comes to Caribbean real estate, and other dream destinations. The much loved bungalows and villas are available for buy or rent. And, for a perfect summer escapade, you dont need anything more than a bungalow. I guess it all depends, but Curacao properties, Bonaire properties and Aruba properties are available for people from all walks of life. You dont have to be a millionaire to own Caribbean properties on these islands. The prices vary like in every country and every city, so Caribbean real estate offers homes and properties for people with lower financial power and millionaires alike.

Aruba, for example, is considered by some to be dry and flat, but it is far away from any hurricanes, so your holidays are sure to be a success. Aruba has seen quite an increase in tourism and Aruba property purchases, so prices are probably going to increase once this crisis is over. Aruba is generally more popular with people from Europe and North America. Like on Curacao and Bonaire, Aruba property is surrounded by Dutch influences, so these islands hold quite an advantage over other islands in the Caribbean for those that want to escape the normal Anglo-American influence.

Bonaire real estate and Curacao real estate are equally as attractive and popular since many airlines are adding these Caribbean islands to their flight destinations. The bottom line is, if you are thinking of purchasing a Caribbean real estate property at a slightly lower price than average, then the ABC islands might just be perfect for you.

Guide To Exceptional European Vacation Packages

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In this article, we will take a mesmerizing trip together throwing some dazzling light on the charismatic charm of Europe that will urge you to take a vacation.

It is apparently true that we all need a break from our hectic lives that includes monotonous work. A vacation is very mandatory for everybody so that they can reinvigorate their energy and give a boost to their work. If you are planning to take your family on a vacation, nothing can be as mesmerizing than a European vacation package. It would certainly not be wrong to say that the beauty of Europe needs no words to elucidate on a piece of paper. Nonetheless, if need be, the exquisiteness of Europe can be described only in one word, panoramic. It is indeed the most charismatic word for those who have never had a close encounter with the pristine view of the beautiful countries, which are a part of such a magnificent continent, Europe. The European vacations are most sought after by both local and international travelers that take a deep sense of pride in calling themselves as globetrotters.

The people from other diverse continents, who are on their verge to opt for a soothing and captivating tourist destination, can choose to visit Europe at least once in their lifetime. Europe is undeniably is famous for its cultural diversity or in other words, a pure legacy that has been preserved for ages. Other than having a galore of beautiful places, its invincible history is purely revived from time to time. Who can ever forget that the Europe was a witness to some of the undying revolutions like the Great European Renaissance and the Industrial revolution? And, the contemporary industries of the world have their roots in Europe.

Europe has a plethora of places of interest that include World Heritage Sites and some of the Seven Wonders of the World as well. Choosing a European vacation package will make you acquainted with its rich history, unparalleled culture, and lip-smacking cuisines as well. If you are scrutinizing a plan to opt for a Europe tour but are anxious about your tight budget that wouldnt allow you to board the flight on your way to the splendid continent of Europe, then perhaps a cheap Europe tour package can be an appropriate option for you.

Europe is really intriguing and anyone who wants to explore this vast ocean of cultures should at least plan a European vacation. Many have a perception that only the rich and famous can afford to go to Europe. Well, this perspective no longer exists in the minds of people because anyone with a decent income can take a tour in Europe. Most of the conducted tours take you to some of the crucial placed I Europe such as Paris, London, Amsterdam, Istanbul, Athens, Prague, and Rome.

What To Put Inside Every Traveler’s Bag

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With travel debit cards and convenient online bookings are becoming very common, more and more individuals are now enjoying traveling as a pastime. Travel is no longer just for the well-off, they are now for people from all walks of life. To ensure a fun and safe travel, make sure that these items are inside the travel bag.

Maps. Feeling the thrills of backpacking? Better ensure that there’s a map inside the backpack. This keeps travelers on the right track and prevents them from getting lost. Travel maps are ideal especially for those who want to enjoy nature – mountain trekking, beach, and the like. Maps are available in travel shops at reasonable prices.

Dictionary. Always keep a dictionary especially when going to non-English speaking countries. In some European countries, people hardly understand and speak English so in order for travelers to survive, they have no choice but to learn at least the basic conversations. -How do I get back to the hotel?- and -Where is the best place to eat?- are just two of the most important lines that every traveler should learn to speak in the local dialect.

First-aid kit. This is very important especially for those who plan to take a nature trip. Ensure that everyone is safe in case unexpected circumstances arise. Learning a few basic first aid techniques will also do great help.

Travel debit cards . These cards are very convenient to use when on travel. They also facilitate quick and easy online booking. It can be used to book flights, book hotel accommodations, shop, or just about anything. The best part about using travel debit cards instead of credit cards is that they provide travel privileges that may be used in the future.

Identification cards. Aside from passports, bringing a few forms of ID is also advised. This can be very important especially when traveling to strict countries like the Middle East. Identification cards will keep travelers safe wherever they go. They are also used frequently to verify hotel and airline bookings.

Mobile phone with a roaming number. This keeps travelers connected to their loved ones back home. Aside from that, it will also help them in case of emergency.

Traveling is a lot of fun. More than just that, it is also one of the greatest teachers. And contrary to what many people believe, travelers do not always need to spend as much as they do. The key to getting the best of deals is by booking ahead of time.