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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.
You can ignore the form 1099-NEC and not report it on your tax return. Just keep it in your tax records for at least three years.
Please read this IRS document for more information.
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.
You can ignore the form 1099-NEC and not report it on your tax return. Just keep it in your tax records for at least three years.
Please read this IRS document for more information.
Thanks for the info. Saved me a lot of research and was very timely.
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