rental income from timeshare

Thank you. This is my first time to receive payment directly from Redweek, not a guest, and I wanted to be sure. Thanks.

Hi Greg,

I am looking for a CPA that has experience with timeshares. Are you accepting new clients? What is the name of your firm?

Emily

gregs239 wrote:

I'm a CPA and own several timeshares with Marriott and Starwood. I rent 1 of them annually and show the income on Sch E. You can deduct MF's, interest on any loans, advertising/rental expenses, travel to the property, and what most people usually forget is the depreciation.