Rental Tax Question

[macemc12]

Hi all,

For those of you that have rented out your points in the past... Is the rental income taxable? Do you declare it on your tax return?

Thanks!

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[twoj]

I don't as I don't look at it as a real estate investment. Rather it is a right to use for a specific period of time. I could be wrong and you may want to consult a CPA on this.

 

[Dean]

Hi all,

For those of you that have rented out your points in the past... Is the rental income taxable? Do you declare it on your tax return?

Thanks!

Sent from my iPhone using DISBoards

It's taxable. Rental income minus dues minus any advertising or similar costs. It's not feasible to meet the 15 day rental exclusion like one might for a condo.