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"In Memoriam of our Founder, our Patriarch, and my Partner...
Rest in peace, Dad"
Palestra Financial
1904 Duck Slough Blvd., Trinity, FL 34655
Phone: 844-WHY-PLAN™
Website: www.PalestraFinancial.com
QUESTION:
A friend asked if he could rent our lake house for a couple of weeks in August. Are there any tax consequences if we do?
There’s a caveat, though. The rental income becomes taxable if you rent your personal residence for more than 14 days total during any tax year. So, take care to keep accurate records of your rental.
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