Susan M.
When are you responsible to the IRS for renting out a timeshare week? Any information will be helpful! Thank you
General Discussion
Timeshare rentals and the IRS
Susan M.
Adriane S.
You should report the income as rental income. However, you would most likely be able to deduct the annual maintenance/fees (depending on what year you paid them in.
check out this link: https://www.redweek.com/resources/articles/tax-aspects-renting-timeshare
Melvin M.
Are there any exceptions where you don't need to report rental income?
Carey H.
adrianes9 wrote:You should report the income as rental income. However, you would most likely be able to deduct the annual maintenance/fees (depending on what year you paid them in.check out this link: https://www.redweek.com/resources/articles/tax-aspects-renting-timeshareSquid Game Online
Is this collection report calculated for this year or last year?