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Real Estate
The Real Estate Adviser |
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July 21, 2005
The Real Estate Adviser: Should you rent out your cabin?
By TOM KELLY
Special to the Journal
Special to the Journal
It's the time of year for weddings in faraway churches and family reunions in relaxing places. Perhaps friends (or friends of friends) have approached you about renting your home or vacation cabin when you are not using it this year. And, they are willing to pay — an amount in line with the best rental properties in the area.
Do you have to declare the income to the Internal Revenue Service on your annual income tax return? How much is too much before crossing into different tax threshold?
. . .
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Previous columns:
- The Real Estate Adviser: Mexico to lure boaters with chain of marinas, 07-14-2005
- The Real Estate Adviser: Former Disney exec tries new approach in Fla. development, 07-07-2005
- The Real Estate Adviser: Just don't call it 'senior housing', 06-30-2005
- The Real Estate Adviser: Bigger than Boomers: Here comes Gen-Yers, 06-23-2005
- The Real Estate Adviser: New housing market worry: 'Hidden supply', 06-16-2005
- The Real Estate Adviser: Boomers have more surprises for builders, 06-09-2005
- The Real Estate Adviser: Selling to boomers? Shift your strategy, 06-02-2005
- Tom Kelly: Deferring your gains? Thank T.J. Starker, 05-26-2005