Hi,Trying to figure out the "useful life" of a vacation rental building (essentially a house). http://www.dummies.com/how-to/content/calculating-the-useful......This says residential rental is 27.5 years. But is that where a vacation rental would land? Thanks,RB =======================Yes. But first comes the interest and taxes, which you get anyway, then the other expenses, and deprecation, which is a mixed benefit at best, since it lowers your basis. And your deductions are limited to your income, and nobody I know makes money on these things anyway (even the honest folks), so it's kind of academic.Bill
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