Actually, this article at the WSJ site is about tax rules for all vacation homes not just Taos vacation homes. Click on the screen shot image to go to the full article.
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One of the tax code’s best freebies allows homeowners who rent out their property for 14 or fewer days a year to pocket the rental income, tax-free. The taxpayer can’t take depreciation or maintenance deductions, but can deduct mortgage interest and property taxes.