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Subject:  Rental Income from a Time-share Date:  2/8/2013  3:31 PM
Author:  pwhitten Number:  117695 of 127616

My husband and I own 2 weeks at a time-share resort. In 2012, we stayed at the resort for 1 week, and rented out the 2nd week, which was handled by the resort. They sent us a check, after deducting a fee for handling the rental.

The resort sent a 1099-MISC for $760 in Rents. The expenses for owning the week that was rented were Maintenance Fee ($798) and Property Taxes (31). We normally itemize our deductions, but I am unclear on how to handle the rental income and expenses.

Thank you for your help.
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