Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Join us today for the 2-day virtual tax conference packed with vital insights to thrive in the 2024 tax season. Click here to register.
Join us today for the 2-day virtual tax conference packed with vital insights to thrive in the 2024 tax season. Click here to register.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- timeshare
timeshare
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
snoopy
Level 1
02-21-2020
04:14 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
How do you report income from renting timeshare on schedule E? If over 14 days is it taxable?
This discussion has been locked.
New comments cannot be posted on this discussion anymore. Start a
new discussion
1 Comment 1
itonewbie
Level 15
02-21-2020
06:24 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Rental income from timeshare is almost always taxable because you need to take into account personal usage of all owners' of the unit and not just your client's. See §280A(d)(2)(A) and Prop. Reg. §1.280A-3(f).
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
