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Renting a primary residence. Need a straight answer.

  
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Subject Author Date
Renting a primary residence. Need a straight answer. nickravo1@gmail.com 04-04-2008
Posted by nickravo1@gmail.com on April 4, 2008, 12:14 am
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 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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Posted by Harlan Lunsford on April 4, 2008, 4:40 pm
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 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

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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