2018 Taxes and a Vacation Home or Second Home

The Hisey Group
Published on January 14, 2019

2018 Taxes and a Vacation Home or Second Home

Our North Coast – Ohio’s Islands, Rivers and Shores

Over and over again real estate agents are taught to not give legal or accounting advice. Unless you are an accountant who also sells real estate you can create a liability situation if someone purchases a vacation or second home partially based on your advice, and it turns out you were wrong or the law/rule/regulation changed.

Probably good advice.

So here is a list of links that may help while preparing your 2018 returns. Take the advice with a grain of salt, and of course check with your accountant : )

So remember to check with your accountant, purchase with all variables in mind, and most of all enjoy! If you live outside the U.S. and you own a second home in the U.S. then obviously check with your home country as well as the U.S. and it is even more important to seek professional advice.

Considering a second home? Contact me today and if it’s outside our market area I can refer you to an agent on my preferred list where you are heading.

Lee Hisey, Realtor and Team Leader 440-315-6000

The Hisey Group w/ Howard Hanna Real Estate Services

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