![]() Tax laws are full of exceptions, but the 14-day rule-sometimes called the "Masters exception" because of its popularity in Georgia during the annual Masters golf tournament-is the most important for anyone considering renting out a vacation home. You can deduct all “ordinary and necessary” expenses to operate your rental business, including guest-service fees.If you rent for longer than the 14-day exception period, detail the dates precisely so you can properly calculate personal and business expenses.If a company like Airbnb, HomeAway, or VRBO reports income for a short-term rental to the IRS on a Form 1099-K, simply show the IRS that the income qualifies for the 14-day exception. ![]() ![]() Under the 14-day rule, you don't report any of the income you earn from a short-term rental, as long as you rent the property (or room) for no more than 14 days during the year and you use the property for 14 days or more during the year. ![]()
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