Okoboji is the perfect place to invest in a vacation home. Billed as "Iowa's greatest vacation destination", this is a land of dramatic formerly glaciated landscapes, lush green meadows, and pristine lakefront property. On any given day in the warmer months, you can go water skiing, fishing, swimming, kayaking, or boating. There is also amazing hiking and mountain biking. In the winter, you can ski, skate, and snowshoe. It's truly a year-round paradise. But apart from the recreational and luxury advantages of owning a vacation home, there are great tax benefits too. If you're not familiar with these read on to find out whether you might qualify.
1. Home Improvement
If your second home needs renovation work, you can deduct interest on a home…
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