Investors & landlords

Technically, per Section 280A(g), you would not include the income from the seven days of rental use in 2019 in your gross income and you would also not be allowed a deduction for the seven days of rental use in 2019 (i.e., you would not prepare a Schedule E for 2019 for the 2019 rental use).

 

It would be actually be wise if you could somehow secure separate payment for 2019 and 2020 because there might be a mismatch if you exclude income allocable to 2019 but receive a tax reporting statement for the entire amount your renter paid.