Renting a primary residence. Need a straight answer.
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Renting a primary residence. Need a straight answer.         


Author: nickravo1
Date: Apr 3, 2008 21:14

If I rent out my primary residence for half a year, and go travel, do
I have to check the box that asks yes or no if I rented the house for
more than 14 days. My accountant says that's only for vacation homes
and since this was my personal residence, I don't have to check the
box. True or False?

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1 Comment
Re: Renting a primary residence. Need a straight answer.         


Author: Harlan Lunsford
Date: Apr 4, 2008 13:40

nickravo1@gmail.com wrote:
> If I rent out my primary residence for half a year, and go travel, do
> I have to check the box that asks yes or no if I rented the house for
> more than 14 days. My accountant says that's only for vacation homes
> and since this was my personal residence, I don't have to check the
> box. True or False?
>
False. Any house can be a rental property, whether it's a plain old
house or a familiar home.

ChEAr$,
Harlan Lunsford, EA n LA
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