If you own a second home that you rent to vacationers, you're probably not looking forward to scurrying around trying to figure out how much rental income you collected last year. But vacation home rental expert Christine Karpinski advises you not to procrastinate much longer. Why? Because the process will yield information you'll need to claim deductions against your rental income on your state and federal income tax returns-so the more thorough your search, the more you'll save.
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