Renting Out a Vacation Home

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Tax rules on rental income from a vacation home can be complicated, particularly if you rent the home out for several months of the year, but also use the home yourself.

There is however, one provision that is not complicated. Homeowners who rent out their property for 14 or fewer days a year can pocket the rental income, tax-free.

Known as the “Master’s exemption”, because it is used by homeowners, near the Augusta National Golf Club in Augusta, GA who rent out their homes during the Master’s Tournament (for as much as $20,000!). It is also used by homeowners who rent out their homes for movie productions or those whose residences are located near Super Bowl sites or national political conventions.

For instance, if you live close to a vacation destination such as the beach or mountains, you may be able to make some extra cash by renting out your home (principal residence) when you go on vacation–as long as it’s two weeks or less. And, although you can’t take depreciation or deduct for maintenance, you can deduct mortgage interest and property taxes on Schedule A.

In general, income from rental of a vacation home for 15 days or longer must be reported on your tax return on Schedule E, Supplemental Income and Loss. You should also keep in mind that the definition of a “vacation home” is not limited to a house. Apartments, condominiums, mobile homes, and boats are also considered vacation homes in the eyes of the IRS.

Further, the IRS states that a vacation home is considered a residence if personal use exceeds 14 days or more than 10% of the total days it is rented to others (if that figure is greater). When you use a vacation home as your residence and also rent it to others, you must divide the expenses between rental use and personal use, and you may not deduct the rental portion of the expenses in excess of the rental income.

For example, let’s say you own a house in the mountains and rent it out during ski season, typically between mid-December and mid-April. You and your family also vacation at the house for one week in October and two weeks in August. The rest of the time the house is unused.

The family uses the house for 21 days and it is rented out to others for 121 days for a total of 142 days of use during the year. In this scenario 85% of expenses such as mortgage interest, property taxes, maintenance, utilities, and depreciation can be written off against the rental income on Schedule E. As for the remaining 15% of expenses, only the owner’s mortgage interest and property taxes are deductible on Schedule A.

Questions about vacation home rental income? Give us a call. We’ll help you figure it out.

Apple Vacations Club Intrawest In Ixtapa

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Club Intrawest in Ixtapa is a resort club with many all inclusive vacation packages available. This magnificent ocean front villa resort is a year-round Apple vacations destination that offers an authentic village setting. Take a sunset walk along the beach and the mariachi and troubadours will serenade you. Even if you are a frequent visitor to Mexico, you probably have never experienced Ixtapa. Club Intrawest-Zihuatanejo has panoramic views of the Mexican Riviera and is just two hours from Acapulco. Club Intrawest-Zihuatanejo is an exclusive resort with the old world charm of an authentic fishing village. This western Mexico resort is surrounded by dense vegetation including the bougainvillea and papaya plants.

About Club Intrawest-Zihuatanejo

Take your next Apple vacations to Club Intrawest-Zihuatanejo and you will be able not only have dinner under the starts, but even sleep under the stars with the open-air design this resort features. If youd prefer, you can close your shutters and turn on the air conditioning for more privacy.

The handcrafted tiles and palapa roofs give you a glimpse into the rich culture of the area. All of Club Intrawest-Zihuatanejo furnishings where handcrafted by local artists. This tremendous resort caters to both couples and families. One important thing to note is that this resort has no elevators. This property even made Expedia’s Insiders’ Select list which is a list of top hotels, factoring in both Expedia expert input and traveler opinions. This is certainly a great spot for a relaxed Ixtapa vacation.

There are only 20 guest rooms and 89 suites offered at the Club Intrawest-Zihuatanejo resort. All rooms have a balcony and are furnished with air conditioners, ceiling fans, cookware and dishware, microwaves, kitchenettes, and fridges. All rooms also offer a blender so you can make a tropical drink right in your room! Some rooms also have private dip pools.

Family Location

Kids 17 and under are free when staying with their parents. While on your Apple vacations, you can golf at the Campo de Golf Palma course. There are plenty of other activities to do on-site, such as surfing, boogie boarding, and windsurfing. Nearby this resort, other activities are offered, such as a boat launch and dock, fishing, horseback riding, parasailing, and windsurfing.

There are two restaurants for your dining pleasure. When you are ready for a swim, choose between the two outdoor pools or the kids pool. If you are ready to cool off with a drink, then choose between floating up to the swim-up bar or drying off and visiting the poolside bar. Try this Mexico vacation if you are looking for something new and exciting.

Cape Grace Hotel Cape Town – An Insider’s View of Why This is One Of The Best In South Africa

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The Cape Grace Hotel Cape Town is an award winning Hotel situated on its own quay at the Waterfront. This Landmark hotel could not have a better location, within walking distance of V&A Waterfront making it ideal for shopping and entertainment to your hearts content.

The Cape Town International Convention Centre is also within easy reach as are all the major attractions like Table Mountain, some of the popular beaches, the Castle of Good Hope, and it is just 30 minutes form the Airport.

All the rooms are ample in size and have a personal touch with fresh flowers daily and even a small library with reading matter to while away some extra time.

They all have magnificent views, either over the yachts in the private quay or Table Mountain on the other side.

This Five Star Hotel is quite large with 121 suites and yet the ambience is that of a boutique hotel. The hotel has just been refurbished and the dcor in the rooms and throughout the hotel is quite exquisite, with hand painted murals and custom made glass, metal and leather items by local artisans, yet keeping in mind the 300 year heritage of the Cape with original antiques and items from a bygone era.

The biggest feather in the cap for the Cape Grace Hotel Cape Town is the wonderful service provided by all staff. Nothing is too much trouble for any of them, always ready to give a hand or say hi! with a happy smile without being intrusive.

A Car with chauffeur provides a drop off and pick up service for guests to visit attractions and restaurants around the city.

Food at the hotel is outstanding. The huge buffet style breakfast served on the terrace by the pool is an absolute delight. ‘Signalsis a nautical themed restaurant and dining room serving Cape food with an international flair.

The food has a wonderful combination of flavours influenced by the 300 year heritage of the Cape. Here too the quality of the food is superb.

Don’t forget to charter theSpirit of Cape Townthe luxury yacht for use of guests only. Arrange for a romantic get away for you and your partner or be part of an exclusive sunset cruise for the highlight of your stay.

The Cape Grace Hotel Cape Town is a firm favorite with visitors to this wonderful South African city.

All Inclusive Cancun Vacations

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It’s rainy, it’s soggy and it’s pouring wet and you can’t wait to get away for your holidays. You eagerly leaf through the magazines sitting in the dentists place and dream of all the places you could be now. Then suddenly an advertisement for an all inclusive Cancun vacations bundle catches your eye and you know where you’re going away to be leaving this summer.

You promptly take down all the details without tearing out the page because you just know the receptionist is going to look your way the minute you do. But even that’s very well because know you have your holiday goal and you know that your all inclusive Cancun vacations package will give you on the dot what you need to get off from the stresses of routine life.

The problem you have now is the fact that you don’t want to go solely and you’re not too certain whether the girls from the place have already intermeshed their vacations. Since that’s upmost in your mind it’s the first thing you do when you get back from the dentist’s office. Fortunately for you just about everyone’s free and on this waterlogged day, raring to go on their all inclusive Cancun vacations package.

The thing is what can you expect to get from your all inclusive Cancun vacations bundle Do you get room and board, or room and something else, or something else totally You should ideally check this out before you pay up for your all inclusive Cancun vacations package. Ordinarily though with something like an all inclusive vacations bundle you would be looking at acquiring your room plus meals included.

You would also get a drive to and from the airport at your destination in Cancun, and you could also somewhat expect a few more little odds and ends added on depending on where you go to and what deals they’re offering. If you don’t get even the basic meals included in your all inclusive Cancun vacations bundle then you might want to look elsewhere for something that truly is all inclusive and not just a gimmick.

That said, after you’ve sorted the whole thing out the only thing left for you to do is to wait thirstily until the time for your holiday rolls over and you and your friends can go on your all inclusive Cancun vacations passing work and stress behind you. The best part of your all inclusive Cancun vacations is the miles and miles of fortunate beaches where you can enjoy in the sun and think about doing nothing more arduous then reach over to drink your gratuitous chilled succus just what you need.

Disney Vacation Packages – Which Is The Best Option For Me

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There are numerous choices in lodging when you go for your Disney vacation. If you choose to stay in a Disney World resort hotel, you have a number of choices in Disney vacation packages to decide from in order to find out which is the best option for you.

Here are five types of Disney vacation packages for you to evaluate:

– You may choose to plan your own Disney vacation. You book a Disney hotel. You arrange and pay for your Disney World tickets, meals and recreation separately. You need to plan your budget and know the most that you can spend for the vacation. This is the option that needs a lot of work but it may be the least expensive if you carefully research and compare with other Disney vacation packages.

– ‘Disney’s Magic Your Way’ is the least expensive Disney vacation package available. It includes the costs of your accommodation and a Disney World Base ticket for each member of your party. You can choose the number of days for the tickets or even add on the Disney Park Hopper and Non Expiration option.

– The ‘Disney’s Magic Your Way Package Plus Dining’ vacation package includes all the above-mentioned in the basic package, plus the Disney dining option. Many people think this option is a good value. It allows you and everyone in your party to have one table service dining, one quick service dining, and one snack for each night of the package.

– The ‘Disney’s Magic Your Way Premium Package’ is a very convenient Disney vacation package. It has almost everything that you need. The Premium Package includes Magic Your Way Water Park and More Park Hopper with Non Expiration for the number of days you choose. The dining option includes breakfast, lunch and dinner per person per night with a wide choice of Disney dining locations serving a wide variety of food. More benefits include theme park tours and recreation options. This Disney premium package allows you to budget.

– ‘Disney’s Magic Your Way Platinum Package’ is truly the finest most comprehensive package for those looking for the ultimate in luxury. The Platinum package includes all the elements in the Premium package with additional services in your personal Disney vacation planner which will help to make your stay a truly magical experience. If money is no object and you wish to have an incredible magical experience, then Disney’s Magic Your Way Platinum Package is for you.

Whichever one of the Disney vacation packages that you choose even if it is to go with the a-la carte way, make sure is in your budget and you can make the most out of your investment.

Gift Card rush Will Boost Holiday Sales Figures

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While online and retail holiday shopping sales have met or exceeded expectations for most retailers in 2005, there is another “rush” for all retailers to prepare for: gift card redemption.

According to Hitwise, an online intelligence service, the market share of U.S. Internet searches containing the words “gift card” was up 32% for the week ending December 10, 2005 as compared to the previous week. In fact, the National Retail Federation expects gift card sales to increase 6.6% this holiday season to 18.48 billion dollars, with consumers spending an average of $88 dollars on gift cards or 15.6% of their holiday shopping budget.

Gift certificates have always been a popular gift choice for the hard to please recipient or even for the lazy shopper. For the gift giver, it allows a quick purchase at whatever store or online merchant they select, with a dollar amount that fits their budget. For the recipient, they can select what they want from a particular merchant and for the most part use the card at their convenience.

But for some, giving a gift card is a cop-out, reasoning it is too impersonal and opting to hand pick a gift and selecting something special and unique for a loved one or friend. However, for some, the gift card is the ideal gift choice, with family or friends even suggesting the store or online merchant they prefer.

For the merchants, it has extended the holiday shopping season because they cannot record the sale until the recipient uses the gift card to make a purchase. This holds down sales figures in November and December, but provides a boost in January when most cards are redeemed. An additional boost is provided by the fact that most of the shoppers who redeem their gift cards typically spend 15% to 50% more than the face value of the card when they select their holiday gift.

There are some downsides to gift cards. Some retailers clear unused gift cards off the books by subtracting off of the face value of the card, an inactivity fee (usually $2.50 per month) after a certain amount of time. Some gift cards have an expiration date and others come with special conditions or restrictions. However, consumer outrage has prompted many states across the country to introduce legislation limiting or banning the fees. Additionally, there is no federal law on gift cards but, two Republican congressmen, Joe Barton of Texas and Charlie Bass of New Hampshire, have requested that the Federal Trade Commission investigate the way retailers conduct their gift card programs.

Is giving a gift card too impersonal? Is it the best gift choice? That question is up for debate and is a personal preference. But with annual gift card sales projected to reach 90 billion dollars by 2007 (Ernst & Young 2005), the gift card is here to stay.

Hawaii Vacations Pros And Cons

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Is it time to plan next year’s vacation? Do you want to go somewhere wonderful but find yourself paralyzed by the idea of planning a trip overseas? Perhaps Hawaii is the place for you. In Hawaii you can have all the wonder of an exotic cultural escape without the stress of leaving your own country. Travel to Hawaii is simple to arrange because it is part of the United States, but the beauty of the islands will have you feeling like you’re in a whole other world.

Many different Hawaii vacations are open to you. There are numerous Hawaii vacation packages available for you to help you explore the islands. The calm and quiet of Maui or the hustle and excitement of Honolulu? Kicking back in the sun and sand of an isolated white sand beach or hiking through the rain forest? Surfing some of the finest waves on Earth or sipping a cocktail while watching the sun set? All of these options and many more are available to you on your next vacation in Hawaii.

There are many activities for the more adventurous. Hawaii is know around the word for variety of water-sports. Probably, Hawaii’s most famous water sport is surfing. But there is more to do in the water then just surf. The crystal clear waters offer the snorkeler or scuba diver the opportunity to view the spectacular aquatic wildlife.

The Hawaiian rain forest offers a wealth of trekking or camping opportunities. A chance to explore the lush green interior of the Hawaiian Islands, stopping to admire the picturesque waterfalls, and maybe even spending a few peaceful nights camping under the clear night sky.

Maui vacation packages or an Oahu vacation package can offer you all these opportunities in a hassle free manner. With one of our all-inclusive packages to Oahu or Maui your dream Hawaii vacations trip can be hassle free. Everything can be arranged, from flights, transfers and accommodation to fine dining and exciting activities.

A Hawaii vacation opportunity offers many attractions for all members of your family, regardless of age. Activities for everyone range from visiting unique shopping sites and enjoying the spectacular views from your Hawaiian rental accommodation to games and sports on the white sand beaches.

Holiday Looks Inspired By Angelina Jolie’s Red Prom Dress

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Angelina Jolie, one of my fashion icon recently rocked down the red carpet for premiere of Bard Pitt’s “Moneyball” in Tokyo. She was totally glamorous in a form-fitting red cocktail dress. From her stunning look, I seemed to get inspiration of what to wear for the approaching holiday parties. If you have not figured out your ensemble idea, read on and perhaps you will be inspired.

Red Prom Dresses Always Can Rock Down Red Carpet
When we think party outfit, we probably think about little black dress, right? It is true that LBD can not be wrong to please every taste. But from different colors of prom dresses, red is the top one in red carpet these years. Look back to Emmy Awards 2011, it was certainly a battle of red dresses. Stars such as Kate Winslet, Nina Dobrev or Kerry Washington all picked out a red gown to show their glams. We also saw Angelina wearing a sheath one-shoulder prom dress in LACMA to get wow effect. Personally, I think these dresses are elegant. Their chic feel, combined with their hair style makes them an fabulous conversation piece and stunning outfit accent.

Mix-up Hue to Go with Red Prom Dress
Another find , Angelina got a pair of nude shoes to go with the dress. It was simple and easy addition to bring out her charm. Red is a great festival and lucky color if you feel bored of the typical black hue and are looking to mix it up. Maybe now it is time to get a piece of red prom dress out for a spin. Just like Angelina, try a pair of nude shoes out instead of a plain black pair to instantly upgrade your look.

Sarkle Red Cocktail Dress is Perfect for Holiday
We know sparkle is always the number one perfect statement for holiday. A pretty short cocktail dress with a chic red hue is absolutely gorgeous for a party look. In addition, it is relatively comfortable to don this dress for a reunion with friends or family for a night long. A piece of jacket can add your ensemble edgy, meanwhile, get you out of the cold weather. No sparle enough? Go on and add just a liitle bit of glitter by wearing a pair of chic pumps or choosing some simple jewelry.

We are sure the above celebrity prom dresses must cost a lot. But we are able to get the same style dress from shops online such DressilyMe.com. It can save us a lot as well as provide us a celebs style fashion.

Do you love Angelina’s red dress as much as I do? Do you get any inspiration from her look? What are your best finds? Do not forget to share your thoughts with a comment.

Sofitel Opens New Thalassotherapy Spa Hotel In Agadir, Morocco

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Sofitel Luxury Hotels has added a new property to its portfolio of luxury hotels with the opening of the new Sofitel Agadir Thalassa Sea & Spa in Morocco.

The new 174-room property is focused on providing well-being experiences and pampering Morocco holidays for tourists and features a thalassotherapy institute that can help guests enjoy a healthy detox experience.

The five-star hotel has its own private beach on the shores of the Atlantic Ocean and visitors can enjoy contemporary accommodation and high end facilities throughout their stay.

The spacious guest rooms and suites offer private furnished terraces and balconies with views overlooking the pool or ocean; modern amenities including TVs, Wi-Fi, in-room safe, mini-bar, air conditioning, and hairdryer; and bathrooms with colour-therapy showers and L’Occitane complimentary bath products.

Tourists booking holidays in Morocco at the hotel will be able to enjoy a wide range of nourishing marine and seawater treatments at The Institute and the spa, using a combination of ancient Moroccan traditions and high-tech advances.

The facility offers a fitness centre, Hammam, Jacuzzi, indoor and outdoor heated pools, sauna, thermal baths and thalassotherapy
The thalassotherapy services include 16 booths where guests can enjoy massages with Argan oil and other essential oils.

Robert Gaymer Jones, the CEO of Sofitel Worldwide, commented: I am delighted to welcome this new flagship hotel to our network of Sofitel Thalassa Sea & Spa establishments.

The Sofitel Agadir Thalassa Sea & Spa offers the best of todays thalassotherapy treatments, paired with Sofitels inimitable standards and is incontestably the new well-being reference in Morocco.

During their soothing and detoxifying holidays to Morocco, holidaymakers can dine in the hotels three gourmet restaurants: L’Atlantique with its choice of fresh seafood; Le Market which offers international dishes with seasonal produce and an outdoor terrace; or Le Palais Du Jardin, an elegant restaurant that offers a sophisticated setting for evening meals.

Owned by Accor Hotels, the Sofitel brand operates five luxury Morocco hotels and the latest addition to the collection has been created to offer a unique well-being experience for travellers with the help of an onsite dietician, naturopath and professional spa therapists.

Morocco is a country in North Africa located south of Spain with a coastline spreading across both the Atlantic Ocean and the Mediterranean Sea.

Located in south-west Morocco, the coastal city of Agadir is a popular destination for a winter Morocco holiday and is home to traditional bazaars, beautiful beaches, several museums, and the majestic 16th-century Kasbah.