Contact Paul +

Time limit is exhausted. Please reload CAPTCHA.

Vacation home

Phase 2: Making the best tax use of a vacation home under today’s rules

Phase 2:  Making the best tax use of a vacation home under today’s rules

Tax-Free Sale of Vacation Home A taxpayer may sell his regular home at retirement and move into what had been his vacation home. If the vacation home is later sold, gain on the sale of both homes is eligible for the up-to-$250,000 exclusion ($500,000 for qualifying married taxpayers) if each is owned and used as […]

Read the full article →

Tax Tips: Making the best tax use of a vacation home under today’s rules

Tax Tips: Making the best tax use of a vacation home under today’s rules

Overview. The tax treatment of a vacation home depends on the mix of personal and rental use. If personal use of the home is extensive enough for it to be treated as used as a residence under Code Sec. 280A, deductions for the rental portion will be restricted by the vacation home rules in that […]

Read the full article →

Tax Court: Vacation home not converted to rental property; expenses and loss deduction denied

Tax Court: Vacation home not converted to rental property; expenses and loss deduction denied

Redisch, TC Memo 2015-95 The Tax Court has held that a couple did not convert their Florida vacation home to property held for production of income. The rental effort wasn’t serious and the property was never rented. As a result, they couldn’t deduct Schedule E deductions related to the home or claim a loss under […]

Read the full article →
Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

Read More

Connect With Paul on Social Media

Practice Areas & Information

Certifications &
Associations
Member CA Bar Member Orange County Bar US Tax Court Attorney