Short-Term Rentals � 2021 | Best Guide

Finn Kevin05 Apr, 2022Finance

Income and expenses related to short-term rental of your home, a room in your home, or a vacation home, must be reported on your tax return. Expenses may need to be divided between rental and personal use. Limits apply when deducting rental expenses for a home that is also used for personal purposes. If you rent out part of your home for 14 days or less, the rental income may be tax free.