Rentals: Bedrooms

12/2/2019

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:

Section 183, , 469, 1402 and 199A
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.

1 Comment

Kenzo Paris link

9/19/2023 06:37:49 am

Hii nice reading your post

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