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Rentals: Bedrooms

12/2/2019

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​When you rent a bedroom or two or 20, you first examine Section 280A of the tax code to determine whether your bedroom rental is:

  • tax-free because your rentals were for fewer than 15 days during the tax year.
  • subject to section 280a vacation home rules.
  • exempt from Section 280A.
 
When exempt from Section 280A, your bedroom rental faces four tax code sections:

  1. Section 183, , 469, 1402 and 199A
  2. Failing Section 183 requires the IRS to tax your bedroom income and give you no bedroom deductions other than mortgage interest and property taxes.​
 
As you can see, bedroom rentals travel a torturous path. Contact us, we will set a time to review your bedroom rentals to achieve the best results.
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    Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.

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    Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion.  Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.

    Keana founded this website and decided and created this blog page to offer a space for those seeking knowledge to understand, however not to be confused with advice or planning strategies.

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