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Income Report for August 2022: Podcast Movement, Tipping the Scales, and more!

Entrepreneurs on Fire

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Renting Out Your House for Up to 14 Days on Your Personal Residence

The IRS has carved out said that if you rent your house under or up to 14 days, you don't need to go through the pains of filling out a schedule E. So essentially no income needs to be reported. As long as it's a personal residence, it's fine. The average rent was $500 a day, that's $7,000. You would be able to take a deduction on your business and not have to report that income personally.

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