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Old 04-04-2008, 08:40 PM
Harlan Lunsford
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Default Re: Renting a primary residence. Need a straight answer.

nickravo1[at]gmail.com wrote:
- quote -

> 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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Old 04-04-2008, 04:14 AM
nickravo1@gmail.com
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Default Renting a primary residence. Need a straight answer.

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?

--
<< ------------------------------------------------------- > << 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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