Cool Irs Vacation Home Expenses References. The irs says that where a vacation home is treated as used as a residence, all expenses are apportioned between rental and personal use based on the. If you are an active participant in your rental vacation home, says luscombe, up to $25,000 of the home’s expenses beyond the rental income.
Directly related to your rental activity; This amount will be your claim for the year (up to. Exceed 14 days or 10 percent of the total time your property is used, and you’ll only be able to deduct a portion of some property expenses.