If before Jim's heart attack, values were EDV=130 ml ESV= 50- ml what is his SV?
(But because it is a personal residence, the interest that doesn't count as a rental expense â 20% in our example â can be deducted as a personal expense.). If you limit personal use to 14 days or 10%, the vacation home is considered a business and up to $25,000 in losses might be deductible each year. That's why lots of vacation homeowners hold down leisure use and spend lots of time maintaining the property. Fix-up days don't count as personal use.
Taking the deduction. To actually claim the deduction for investment interest expenses, you must itemize your deductions. Investment interest goes on Schedule A, under Interest You Paid.. You may also have to file Form 4952, which provides details about your deduction.