Discussion:Vacation property rented 14 days?
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Discussion Forum Index --> Basic Tax Questions --> Vacation property rented 14 days?
Discussion Forum Index --> Tax Questions --> Vacation property rented 14 days?
| 27 March 2009 | |
| Client has a vacation property owned jointly with son-in-law. House rented 28 days in 2008. Son in law spent 17 days there. Client spent 65 days there.
Is this 14 days for each for the rental, so not a vacation property? Income not taxable and expenses not deductible (except mortg int and RE tax)? Or, does it count as each of them renting it for 28 days? | |
| 27 March 2009 | |
| Total use = 110 days, personal use would be 82 days or 74.54% and rental would be 28 days 25.46%, still vacation home. | |
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