dglemieux
New Member

Do we need to claim income for a timeshare rental?

  1. If we have never rented out our timeshare before, do we need to claim the rent as income? We have two units... A studio (rented 5 nights) and a one bedroom (rented 1 night).  Each is available for a 7 night stay (for the same week/time period).  We did not receive a 1099 from the establishment.  
  2. Also, can the fees (commission), be written off? 
  3. If yes, what costs can be written off and which schedule.

Thank you for the help/guidance.