The IRS defines a home as any house, condominium, cooperative, mobile home, boat, or similar property that has sleeping space, toilet facilities, and cooking facilities.
Each circumstance is different when determining what you can deduct on your tax return. Is it Real Estate Taxes? Mortgage Interest?
Do you own one or 2 homes locally in Sarasota? Did you make improvements to your home that qualify as a medical deduction on your tax return?
To find out more about what is deductible, click HERE.
And don’t forget to contact the CPAs at Sterling Tax & Accounting for all of your Sarasota, Florida tax and bookkeeping needs!