Industry News

How to rent out your vacation home, tax free

Real Estate Tax Talk
Published on Jul 13, 2012

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by CareyBot

The best type of income is tax-free income. Ordinarily, any rental income you receive is taxable. However, there is one little-known exception that can be particularly useful this time of year.

You can rent out your vacation home for up to 14 days per year and all the rental income you receive is tax-free, no matter how much you earn. In fact, you don't even have to report the income to the IRS.

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