Vacation Rental 1031 Exchange

We are often asked whether tax liability from the sale of a vacation home can be deferred using the procedures of IRC section 1031. The answer to this question is found in Revenue Procedure 2008-16.

The general rule for ALL 1031 exchanges is that the property must be held for primarily for investment of use in trade or business. In order to prove that your vacation home is held primarily for investment, and is therefore 1031 eligible, rather than for your own personal use the Internal Revenue Service (IRS) set out specific parameters for you to follow. This is known as a “safe harbor.” Those parameters are:

For the Relinquished or Old Vacation Property you must have:

Owned the property for at least two years, and;

In each of those two years, the property must have been rented for 14 days or more at fair market rent.

For the Replacement or New Vacation Property

Owned the property for at least two years, and;

In each of thos

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Renting Vacation Homes for Newbies

For a more cozy and warm ambiance while on a vacation, try to rent vacation homes instead of lodging in hotels. Whether you will be travelling with the whole family or travelling alone, whether you will be travelling for pleasure or for business, vacation homes can make you feel more comfortable and at home. If you are a newbie in renting vacation homes, here are some tips that you might want to follow.

Plan as early as possible.

Once you have decided where to go and what to do, jumpstart your search for a vacation home to rent. Avoid last minute reservations since they will cost you more and may strain your budget. If possible, plan and make a reservation as early as six months from your vacation date.

Look around and ask for referrals.

In these days, you can rely on the internet to look for vacation homes to rent. There will be a lot of online postings of homes that you can rent from different places. Aside from this, you will also be able to read feedb

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Conventioneers Choosing Vacation Homes Over Hotels/Motels

Today’s busy conventioneers are discovering an alternative to staying in motels and even pricier hotels. While traditional hotels/motels offer nice rooms and some amenities, they lack the personal charm and at-home feeling of a vacation home. Many of these large single-family homes combine both luxury and close-in convenience today’s conventioneers are looking for. They also allow guests to enjoy things one simply can’t find in a hotel/motel.

Location, Location, Location

As an example, some of these homes situated in the heart of Anaheim are conveniently located just minutes from Anaheim Convention Center. This is one attribute busy conventioneers can really appreciate, for it allows guests close proximity to where they need to be on a daily basis. It also enables small business groups/teams to stay in one residence-instead of being scattered across various hotel/motel suites or even different hotels. A home in Anaheim also means guests are just minut

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Central Florida the Vacation Capital of the World

The largest cities in Central Florida are Orlando, Kissimmee, Sanford and Daytona Beach. The most popular of these being the Orlando / Kissimmee area. Orlando is the most visited city in all of Florida. The main reason is because there is so much fun to have in this city that you can’t possibly do it all! Orlando is home to Walt Disney World including The Magic Kingdom, Epcot, Animal Kingdom, MGM Studios, Typhoon Lagoon and River Country. You can also visit downtown Disney which has great shopping, animated dining and a great nightlife including Pleasure Island. Outside of the Disney gates you will also find International Drive and other great shopping locations. Filled with outlet and retail stores, hotels and dinner shows, you could have an entire vacation on this one street! You will not want to miss Universal Studios Florida and Islands of Adventure. The two amusement parks bring the magic of movies and special effects to life. Universal Studios is also home to Ha

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Keystone Resort Vacation Rentals: Mountain House Vs River Run Base Areas

Keystone Resort, Colorado is home to world class skiing terrain, incredible dining, affordable cat skiing, three mountain peaks and it is one of the few resorts in Colorado to offer night skiing, making for one of the longest ski days around, offering visitors a huge bang for their buck. It is also home to Kidtopia- a festival where kids can have a blast, participating in fun activities geared just for them, including visiting and playing in a huge snow fort at the top of the Mountain! Not to mention the countless other winter activities to enjoy such as snow tubing, ice skating, fine dining, sleigh rides, live music, festivals, and more!

So you’ve made the decision to visit Keystone this winter, now comes the hard part, where to stay? Keystone is a small town, about 3 miles in length sitting in a valley at the bottom of the mountain. The mountain itself is made up of three separate peaks that line up from North to South; Dercum, North Peak, and the Outback, each offeri

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Vacation Rental Etiquette

So, you’ve decided to stay at a privately owned vacation rental home. The travel dates are set, the reservation is made and now you wait, excitedly for your vacation to begin.

But wait, we have always stayed at hotels, so how’s this work exactly? Will there be toilet paper provided? What about hand soap, and laundry soap?

It’s good that you’re asking these questions now, because staying at a privately owned vacation rental home is significantly different than staying at a hotel. What you give up in convenience, you gain in amenities and freedom.

Most vacation rental home owners, make sure the basics are there for your arrival, but remember, this is the next best thing to staying in your own home, and who provides the supplies there? You do, of course!

No owner wants their guests to arrive needing to use the restroom, only to find there are no restroom supplies available. But, they’re not going to provide supplies for your ent

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Orlando Vacation Homes

Florida, the Sunshine State, boasts many attractions. The development of Cape Canaveral after 1950 and the starting of Walt Disney World in 1971 brought the state into the limelight. Walt Disney World attracts many tourists from all over the world. In addition to these, there are plenty of golf courses that also catch the attention of tourists.

The Disney complex covers about one hundred twenty-two square kilometers and is about thirty kilometers southwest of Orlando. Walt Disney World has an Animal Kingdom, Disney MGM Studios, Epcot, Magic Kingdom and several large Resorts. The Greater Orlando area covers universal Orlando; that is, Sea World of Florida, Marine Animal Park and a large Water Park. Lack Haven Park contains Art, Science and History Museums.

When there are so many things to see and enjoy in Orlando, a casual visit will not do. A planned visit could bring maximum satisfaction in every respect. For this purpose, vacation homes are highly recommended. Orland

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Florida Vacation Destinations

Florida is the place known for its beauty and fun filled vacations. As you have already decided to go for a vacation in Florida, the foremost requirement becomes a travel guide, which makes you aware of the attractions and how to visit all of them.

Florida the sunny state is not only restricted to the beauty of beaches, clear water, and sparkling snow, but a lot more. It’s a state with diverse culture and beautiful people. It’s rich arts and culture lets you rediscover yourself and its splendid beauty revitalizes your mind. The ‘Sunshine State’ can be explored in three parts, Southern Florida, Central Florida, and Northern Florida.

Northern Florida is composed of beautiful cities and beaches. These cities give you the luxury of indulging in various water sports and recreational activities like fishing.

Ft. Lauderdale, St. Petersburg, Miami and Key Largo are the major cities in southern Florida. These cities are known for the beautiful bea

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Canadian Snow Birds Flock to Santa Barbara Vacation Rentals

When Canadian Anne Murray sang her hit song “Snowbirds,” she wasn’t singing about Canadian Geese. She was singing to the thousands of snow-bound Canadians called ‘snowbirds’ who make the yearly pilgrimage from wintery Canada and the Pacific Northwest to warmer climes in places like Southern California. There, snowbirds nest for the winter months, basking in the warm southern California sunshine, in quaint resort gem cities like Santa Barbara. Nestled between the beautiful Santa Ynez Mountains and the Pacific, Santa Barbara is a premier resort destination.

Snowbirds who come here to what some call “The American Riviera” have a secret: Santa Barbara Vacation Rentals have it all. Those who’ve discovered Santa Barbara Vacation Rentals shun the barren Arizona deserts and even the ritzy Palm Springs oasis for this coastal beauty. Why? They know only too well what Santa Barbara Vacation Rentals can offer them in the way of amenities an

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3 Things You Should Always Look For In A Vacation Rental

Traveling away from home can make some people anxious because at home, your bed feels a certain way, you know all of the TV channels, and everything feels cozy. Vacation rentals aim to make travelers not feel any differently about their lodging. You should be able to see it as a “home away from home.” Better yet, because you are renting and properties are doing what they can to attract your business, you and your family may find that your prospective rental may offer some great perks.

When planning your next trip, you need to have a few ideas in mind for what you want your lodging to provide. Here are three things that should be near the top of your list:

1. Provides the Basics – Your rental needs to provide basic amenities to you and your family. Each family has its own way of defining the basics, so it is important for families to get together & figure out what they absolutely feel they need and see what places offer those things. Do you need a

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