1.
What is Madisonlocations.com?
2.
Why do
location scouts use this website?
3.
Why is the rental of my property tax
free?
4.
Tips on photographing your
property
5.
Industry terminology
6.
Contracts and
negotiations
7.
The
shooting process
8.
Who's in a crew?
9.
What to do when planning for production?
10.
How do I email my listing to location scouts, and friends?
Why is the rental of my location Tax Free?
Here's
some information you may find helpful when you get filming at your
home.
According to the
IRS, if
you own a home and you rent it out for filming, the rental payments you receive
are tax free for up to 14 days a year. This can be
verified at the Internal Revenue Service website in the "Frequently Asked Questions" section.
Excerpt from the IRS website:
"There is a
special rule if you use a dwelling as a home and rent it for fewer than 15 days.
In this case, do not report any of the rental income and do not deduct any
expenses as rental expenses."
- IRS Website/
Frequently Asked Questions
Learn More...
*Please consult your
tax advisor as individual tax situations may vary.