Quote:
Originally Posted by laboutj
To me it's not worth the hassle if it's a one-time thing for a month. For them to be able to take advantage of the pools and golf courses they would need villages id's. You would have to turn in yours in order for them to get the id's. That isn't a big deal, but that information is reported to the state and you would have to then declare the rental income on the property. To declare the rental income you have to file with the state and make sure you do it on time, or you will be paying penalties.
|
When you turn in your I’d those people do not report to state , they have no idea if your renting it out or just letting friends or relatives stay there , they are not an investigating agency , how to deal with rent or non rent is between , you , the IRS and whatever God gives you a conscious or non conscious