[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-7875":3},{"rec_id":4,"title":5,"text":6},"7875","Schedule E Information","Rent you received from your home is NOT taxable if you rented out your home for 14 days or less. However, in this situation you also can't deduct any rental expenses. You don't need to enter your rental information on your tax return or file Schedule E if you rented your home for 14 days or less.\n\u003Cbr>\u003Cbr>\nIf you rented out your home for more than 14 days, the income you received is taxable and reported on Schedule E. You can deduct all of your rental expenses if your personal use of the home was less than the greater of 14 days or 10% of the total days it was rented to others at a fair price. Otherwise, you'll need to allocate your rental expenses between personal use expenses and rental expenses and just deduct the portion allocated to rental expenses.\n\u003Cbr>\u003Cbr>\nDeductions you can generally take for renting out your home include:\n\u003Cul>\n\u003Cli>mortgage interest\u003C/li>\n\u003Cli>real estate taxes\u003C/li>\n\u003Cli>casualty losses\u003C/li>\n\u003Cli>maintenance\u003C/li>\n\u003Cli>utilities\u003C/li>\n\u003Cli>insurance\u003C/li>\n\u003Cli>depreciation\u003C/li>\n\u003Cli>other rental expenses\u003C/li>\n\u003C/ul>",1777391470322]