If a vacation home is rented for less than 15 days during a year, the only expenses that can be deducted are mortgage interest, property taxes, and personal casualty losses.

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According to IRS rules, if a vacation home is rented for less than 15 days during a year, the only expenses that can be deducted are mortgage interest, property taxes, and personal casualty losses. Other expenses such as maintenance costs or rental income cannot be deducted in this scenario.

If a Vacation Home Is Rented for Less Than 15