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Archive for the ‘Renting Vacation Home’ Category.

What to Expect at Tax Time if You Are Renting Your Vacation Home

Renting your vacation home to others can be profitable. You  must normally report the rental income on your tax return. You may not have to report the rent, however, if the rental period is short and you also use the property as your home. Here are some tips that you should know: Vaca...

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Tax Tips for Renting a Vacation Home

A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may not have to report that income if the rental period is short. In most...

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