What to Expect at Tax Time if You Rent Out Your Vacation Home - ADVANCE TAX RELIEF - www.advancetaxrelief.com
What to Expect at Tax Time if You Rent Out Your Vacation Home Renting out a vacation property to others can be profitable. If you do this, you must normally report the rental income on your tax return. You may not have to report the rent, however, if the rental period is short and you also use the property as your home. Here are some tips that you should know: Vacation Home. A vacation home can be a house, apartment, condominium, mobile home, boat or similar property.