Under this rule, IRS 14 Day Rental you don't pay tax on income you earn from the short-term rental, as long as you rent the property for no more than 14 days during the year.
14/60 ths can be allocated out of the deposit at no tax for 2019.
Since the money you received was a deposit, and not really yours yet, it will be allocated to 2020 provided they complete the rental activity.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
