Generally, when you rent out a vacation home to strangers, you must pay tax on the rental income, but you are then entitled to some offsetting deductions.

Special rule: There are no tax consequences for a rental lasting two weeks or less. In other words, you do not owe any tax, but you cannot deduct expenses either.

This “tax wash” often applies to homeowners who rent out homes located near sporting events such as the Masters golf tournament in April.   And if you have extra badges, let us know!  🙂