When to Exclude Rental Income


T

Tax Tip

Do not report rental income on your tax return if you rented your home
or vacation home for 14 days or less.
Keep in mind that as a result, you will not be able to deduct rental
expenses for the year if you do not report the income.

However, you may still write-off mortgage interest, property taxes,
and casualty losses as itemized deductions on Schedule A.

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