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Investors & landlords
@MichaelDC wrote:
However, that rule would treat your timeshare as a vacation home only if you personally use it for at least 15 days during the year in addition to the days it is rented.
I realized this is an old post, but that statement is incorrect.
In order for the 14-days-or-less rental to be tax-free, the personal use of the residence must be the GREATER of 14 days or 10% of the rental period. So if was rented for 7 days, the minimum personal use days would need to be 70 days.
‎January 13, 2022
8:16 PM