The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/rental-income-from-a-time-share-30532501.aspx

Subject:  Rental Income from a Time-share Date:  2/8/2013  3:31 PM
Author:  pwhitten Number:  117695 of 121585

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.
Peg
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us