Are you considering listing your house as a vacation rental site?

If you’re considering listing your house as a vacation rental site, here’s a tax tip to remember for renting out your home on a short-term basis: rentals for 14 days or less in a year aren’t taxed. So, if you don’t mind the idea of strangers staying in your house, you can bring in a little tax-free cash.

 The 14-day rule also plays into rental property deductions. You can’t deduct rental real estate losses when your personal use of the home exceeds the greater of 14 days per year or 10% of the days the home is rented.