You may own a house that you reside in part of the year and rent part of the year (how to get out of your timeshare on your own). If so, prorate the expenses you sustain between individual and rental usage. Since villa typically get this sort of treatment, the rules you must follow are called Discover more vacation-home rules. how to get out of a Visit this page timeshare contract in south carolina. If the house is your primary house and you rent it out for fewer than 15 days during http://collinjrnc757.evenweb.com/fascination-about-what-is-a/not-known-details-about-what-is the year, you do not need to report earnings. However, you can't subtract costs associated with the leasing (how do you legally get out of a timeshare). what happens if i just stop paying my timeshare maintenance fees. You can, however, declare the typical house owner deductions for: Mortgage interest Real-estate taxes Casualty losses If you rent the house for 15 days or more, report the rental earnings on Arrange E (how to get out of my timeshare tx).