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April 8, 2025
Question

Re: Residence rented out 14 days a year for private events

  • April 8, 2025
  • 1 reply
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I own and travel and event business.  I  host travel promotions and seminars in my backyard June, July and August each year.   Guests enjoy use of the pool and yard for activities.  Can I take yard and pool services done to get the venue ready for the event those months?  I pay a monthly fee so already itemized by month. 

 

 

 

    1 reply

    April 8, 2025

      If you are hosting promotions and seminars this would not be rental income as it is not passive income, but it would be schedule C self-employment income. 

    You would be able to claim a prorated amount as a maintenance expense for the business compared to personal use. Ex.  If you pay $900 for the 90 days, you would be able to deduct (14/90=) 15.6% of the $900 or $140.  

     

    You cannot deduct the entire amount only the amount that directly relates to your business.

     

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