What are the Pros and Cons of buying versus renting a 2nd home? What are the tax related implications of buying a second home?

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Mortgage Interest and property taxes could be deductible. Also second home could be used as a vacation rental and income and expenses would be listed on Schedule E.

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What are the Pros and Cons of buying versus renting a 2nd home? What are the tax related implications of buying a second home?

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What are the Pros and Cons of buying versus renting a 2nd home? What are the tax related implications of buying a second home?

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