Report Abuse

rental income from timeshare

Thanks Phil. Did your tax person show the rental income on Line 21 Other Income of Form 1040. Did he report it as taxable amount? OR did he/she used Schedule E and report the rent there as rental income?. What other entries did he/she make ie cleaning expenses. Did your return show income from rental? Did your return show loss? How many days was the unit rented out? Thanks for further elaboration on how your tax person handled the situation. Ceferinoa