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Yar723
New Member

Are timeshare rentals in Mexico taxable income

I have a timeshare in Mexico.  Am I required to report rental income to IRS?

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2 Replies

Are timeshare rentals in Mexico taxable income

If you are a US citizen or legal US resident then you have to report your worldwide income from all sources on the US federal tax return.

Vanessa A
Expert Alumni

Are timeshare rentals in Mexico taxable income

Yes.  If you are a US Citizen or Resident, then you would need to report income from all sources worldwide.  

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