WA Resident Buys CA Vacation Rental As Investment
I am a WA resident who bought a Palm Desert, CA vacation home for rental purposes. I am looking for any and all sources that anyone can direct to take full tax advantages of this scenerio. Furnishing, travel for maintenance and repair, personal usage, etc. Thanks in advance. DB
IRS Publication 527 Residential Rental Property would be a good place to start.
For light bedside reading, follow up with IRS Publication 946 How to Depreciate Property