The National Directory of Certified Public Accountants

Ask A CPA - Rental Expenses

Is The Rental Income I Received For Renting My Home For 10 Days Taxable?

If you use a dwelling as a home and rent it out for fewer than 15 days during the year, you should not include the rental income or deduct the rental expenses on your tax return. You may deduct the residence's mortgage interest and real estate taxes as a itemized deduction 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.