Personal Use of Business Property (Condo, Timeshare, etc.)
Question: I rent my home out for two weeks each year. Do I have to show the income on my return? |
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Answer: You must first consider if you use any dwelling as a home.
There is a special rule if you use a dwelling as a home and rent it for fewer than 15 days. In this case:
It is possible that you will use more than one dwelling unit as a home during the year. For example, if you live in your main dwelling unit for 11 months and in your vacation home for 30 days, your main dwelling unit is a home and your vacation dwelling unit is also a home unless you rent your vacation dwelling unit to others at a fair rental value for more than 300 days during the year. |
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Page Last Reviewed or Updated: December 01, 2008