We have a 3 week timesharing condo. We have rented out the condo for 5 days and used the condo ourselves for the other 16 days. Do we need to report it? If so, how?

sabrina-vandenst · ‎June 6, 2019

MinhT · ‎June 6, 2019

As you have rented your timeshare for less than 14 days in the year and used it for more than 14 days, you do not need to report this rental income. You cannot deduct any rental expenses either.

Please read this TurboTax article for more information:

https://turbotax.intuit.com/tax-tips/rental-property/10-tax-tips-for-airbnb-homeaway-vrbo-vacation-r...

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View solution in original post

MinhT · ‎June 6, 2019

As you have rented your timeshare for less than 14 days in the year and used it for more than 14 days, you do not need to report this rental income. You cannot deduct any rental expenses either.

Please read this TurboTax article for more information:

https://turbotax.intuit.com/tax-tips/rental-property/10-tax-tips-for-airbnb-homeaway-vrbo-vacation-r...

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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We have a 3 week timesharing condo. We have rented out the condo for 5 days and used the condo ourselves for the other 16 days. Do we need to report it? If so, how?