1099-MISC question

brianinmaine — Wed, 11 Feb 2026 04:32:33 GMT

Hello

I own a week with a timeshare and every now and then if I am not using the week, then I will put it up for rent. This is at a resort that has guest houses. I own 1 week in one of the guest houses. So when I put it up for rent the resort takes care of the rental, they then send me a check for the rental minus 30% that they keep. I also pay a yearly maintenance fee for this.

So in 2023 I put it up for rent and it did rent. I received a 1099-MISC showing the full rental income (including the 30% they keep)

My question is, is this...

A. Rental Income from the rental of real estate (schedule E)

B. Nonbusiness Income from the rental of personal property or equipment.

I am not sure if I should be fully taxed on this or not. If so, where do I put the 1,095 maintenance fee and the 30% fee they took?

Thanks

Re: 1099-MISC question

MinhT1 — Sun, 04 Feb 2024 16:29:17 GMT

As you rent for less than 15 days ‌a year, you don't need to report that rental income and don't deduct any rental expenses.

IRS Topic No 415 says:

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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1099-MISC question

Re: 1099-MISC question