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If you build or buy a vacation home, you can let it help your annual tax bill and still enjoy it for your family’s pleasure. However, with the 1976 tax reform bill, (effective 1-1-77) there have been changes restricting some of the deductions under certain conditions.
For starters - whether you use it for yourself or not, there are always the usual deductions for mortgage interest and property taxes. The interest deduction can be considerable during the early years of the loan.
There are other deductions that also may be taken - just as you would if you owned an
90.6%