The Real Cost of a Vacation Home What if instead of buying that vacation home, you invested the money? Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Red Flags for Tax Auditors Here are six flags that may make your tax return prime for an IRS audit. Why Everyone Needs an Estate Strategy Do you have an estate strategy? You should. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.