Profile picture for sunnydaze1

Ryder Cup 2012 house rental booking

I received the booking deposit to supply my house as ryder cup accommodation. The total agreed rental amount is $18,500 for 10 nights. How is this taxed? Do I declare it as income tax? Does the deposit come under this years tax return and the remainder under next year?

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  • January 26 2011 - Streamwood
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Answers (7)

Profile picture for gslow1
You need to check with your accountant to give you this advise.
  • January 26 2011
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You should consult an accountant to get the best answer to this question.  
  • February 04 2011
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Profile picture for sunnydaze1
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I just found out that it is taxed as income tax.
  • February 06 2011
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Profile picture for perkins78
where did you list your home for renting out your house for the 2012 Ryder cup as I am looking to do the same.

Thanks,
Marc
  • June 14 2011
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Profile picture for carolaanne

[edited by Zillow moderator for promotion.  Please refer to Good Neighbor Policy]

  • August 15 2011
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Profile picture for Sarah Dumphy
We listed on [hotlink removed by Zillow moderator]
  • March 08 2012
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Your CPA will know for sure....check with them.
  • March 08 2012
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