Friends and fans are hurting over the loss of Prince, but his family is heartbroken.. His second ex-wife, Manuela Testolini, is opening up about their relationship. Despite the fact that their marriage didn't last, Prince and Manuela remained very close friends who always kept in touch. Prince and I had a magical journey together and I loved him immensely. The world knew him as a musical genius - I knew him as a husband, friend and fierce philanthropist, Testolini, founder of In a Perfect World Foundation, tells E! News in a statement.
Even if you rent it out for $10,000 a night, you don't have to report the rental income as long as the home was not rented out for more than 14 days. The house is still considered a personal residence, so you can deduct mortgage interest and property taxes under the standard second-home rules. 2. You rent out the property for 15 days or more, and use it for less than 14 days or 10% of days the home was rented.
If you have more than one qualifying second home, you can only deduct the mortgage interest on one of them. Your mortgage interest is fully deductible if the total amount for the year is $100,000 or less. The amount of interest you can deduct depends on the total amount financed and the loan terms.For example, if you take out a $75,000 30-year RV loan at 10 percent interest, you can deduct mortgage interest of $7,481.You can deduct qualified expenses if you conduct business from your RV or motor home.One key test the IRS uses is if the expenses are considered ordinary and necessary in your line of work.ou can deduct qualified expenses if you conduct business from your RV or motor home. One key test the IRS uses is if the expenses are considered ordinary and necessary in your line of work.