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evert54
New Member

do I have to report 1099-k income from renting my timeshares? They were rented for less than 15 days. Where can I find the answer in from the IRS documents?

There were two separate timeshares each rented for 7 days.
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1 Reply
MinhT1
Expert Alumni

do I have to report 1099-k income from renting my timeshares? They were rented for less than 15 days. Where can I find the answer in from the IRS documents?

No, you do not need to report this rental income.

 

The IRS says in this document:

 

There's a special rule if you use a dwelling unit as a residence and rent it for fewer than 15 days. In this case, don't report any of the rental income and don't deduct any expenses as rental expenses.

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