Rent your home 14 days or fewer during the World Cup and the income is federally tax-free. Hit 15 and you owe on all of it. Here's how the cliff works.
Day 15 doesn't just cost you the tax on day 15. It makes every dollar you already made taxable. One extra night and you owe on all of it.
If you keep commenting like this I’m going to start thinking we’re related.
We could be! 😉
Day 15 doesn't just cost you the tax on day 15. It makes every dollar you already made taxable. One extra night and you owe on all of it.
If you keep commenting like this I’m going to start thinking we’re related.
We could be! 😉