Tax income from renting points

[TammyAlphabet]

Just curious...but, are there any tax consequences from renting points???? LIke taxable income that needs to be reported??

 

[CarolA]

Technically it would be taxable income that could be offset by the expenses.

 

[LoveToDisney]

Yes, you need to pay taxes on the income. Talk to your tax advisor.

 

[manning]

Legally it is earned income and subject to income tax.

 

[Dean]

In general the answer is yes, but there may be exceptions. Talk to your tax advisor.