DianeW
Expert Alumni

Investors & landlords

If it was rented less than 15 cays you are in luck, the income is not required to be reported. Maintain the document in your files but you are not required to enter it on the tax return.

If the property qualifies as a residence (or vacation unit) and is rented for less than 15 days during the year, the rental income is not taxable. Nor are any expenses deductible, other than property taxes and mortgage interest, if applicable.