How to Get Tax-Free Income From Your Vacation Home

If you rent your vacation residence for less than fifteen days during a year, you can’t take a deduction for rental use expenses such as maintenance and depreciation. However, the rental income you receive doesn’t have to be included in your gross income.

House Asset

Taxpayers who live in homes where there is a strong rental demand during a short period of the year can receive high rents for these brief periods and not pay taxes on the rental income.