What is the name of your state? nj
my condo is in s.c. we rent it short term. my husband says in order for us to get any tax benefit from it that we need to stay there for at least 2 weeks out of the year. is this true.
he also states that if it is not rented that we get that money back on our taxes. is this true. and where can i find out information about this. i plan on buying another condo there and now i am not sure will i have to stay there for 4 weeks a year now?
thanks in advance for your help.
my condo is in s.c. we rent it short term. my husband says in order for us to get any tax benefit from it that we need to stay there for at least 2 weeks out of the year. is this true.
he also states that if it is not rented that we get that money back on our taxes. is this true. and where can i find out information about this. i plan on buying another condo there and now i am not sure will i have to stay there for 4 weeks a year now?
thanks in advance for your help.