Short-Term Rentals
This handout contains information for taxpayers who rent out their home, a room in their home or a vacation home. Included is guidance on tax-free rental use and when substantial services are provided.
HIGHLIGHTS:
Rental and personal use.
Limit on deductions.
Tax-free rental use - 14 days or less.
Providing substantial services.
CLIENTS WHO MAY BENEFIT:
Taxpayers who rent their home or a portion of their home on a short-term basis.