The National Directory of Certified Public Accountants

Ask A CPA - Rental Expenses

I Rent My Home Out For Two Weeks Each Year. Do I Have To Show The Rental Income On My Tax Return ?

If you use a dwelling as a home and rent it for fewer than 15 days during the year you should not report any of the rental income and do not deduct any expenses as rental expenses on IRS Schedule E. You may deduct the mortgage interest and property taxes on IRS Schedule A.

If you need professional help with "Rental Expenses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.