Claiming Secondary home vs rental property for tax purposes
For tax purposes... for the same home would you benefit more from claiming no income on secondary home vs claiming it as a straight up investment property? (Just to make it fair let's say tenant pays cash non traceable so u dont have to claim income) would claiming 2nd home be the sure winner? Landlord is w2 earner and pays high taxes. Of course this is just hypothetical so dont delve on legal issues and wouldn't advise it... just want the numbers and facts.