When a residence is rented for less than 15 days during the year, the rental income is excluded from gross income.

Name: When a residence is rented for less than 15 days during the year, the rental income is excluded from gross income.
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Question

When a residence is rented for less than 15 days during the year, the rental income is excluded from gross income.
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Quizplus · Accepted Answer

According to IRS rules, if a residence is rented for fewer than 15 days during the year, the rental income does not need to be reported on the tax return and is therefore excluded from gross income.

When a Residence Is Rented for Less Than 15 Days