Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
jeffrey-petit-2
New Member

I rented out my apartment during a convention for one week in 2016 (under $3K), would this be considered rental income to be reported on Sch E?

 
1 Best answer

Accepted Solutions
TomK
New Member

I rented out my apartment during a convention for one week in 2016 (under $3K), would this be considered rental income to be reported on Sch E?

No.  If you rent property that you also use as your home and you rent it less than 15 days during
the tax year, do not include the rent you receive in your income and do not deduct rental expenses. 

For more information - IRS Pub. 527 Residential Rental Property: https://www.irs.gov/pub/irs-pdf/p527.pdf

View solution in original post

1 Reply
TomK
New Member

I rented out my apartment during a convention for one week in 2016 (under $3K), would this be considered rental income to be reported on Sch E?

No.  If you rent property that you also use as your home and you rent it less than 15 days during
the tax year, do not include the rent you receive in your income and do not deduct rental expenses. 

For more information - IRS Pub. 527 Residential Rental Property: https://www.irs.gov/pub/irs-pdf/p527.pdf

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.46m
Members

2.57m
Discussions

Manage cookies
v