Comments on: Do We Pay Taxes On Income From Renting Our Home Out For One Week A Year?

By: wartz

wartz — Mon, 01 Feb 2010 03:51:07 +0000

Copying from IRS publication 527, Page 5.
Exception for minimal rental use. If you use the dwelling unit as a home and you rent it fewer than 15 days during the year, do not include any of the rent in your income and do not deduct any of the rental expenses. See Dwelling Unit Used as Home, later.
It would be ironic if you are a Democrat!

By: Gary

Gary — Mon, 01 Feb 2010 03:51:07 +0000

You do not have to claim it because you plan to rent your house for less than 14 days. 14 days is the limit.

By: maechurc

maechurc — Mon, 01 Feb 2010 03:51:07 +0000

no. See page 2:http://www.irs.gov/pub/irs-pdf/p527.pdf