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Han and Leia also have a small get-away place in Endor Estates that they rent out occasionally (13 days in 2019) for $1,000 per day.
Han and Leia also have a small get-away place in Endor Estates that they rent out occasionally (13 days in 2019) for $1,000 per day. They lived there the entire time that their new home on lake Tatooine was being built. BFR approached them about renting the vacation home for 100 days during 2019. There would be a management charge of 18.5% of rental income by BFR. The management charge would cover advertising for guests, routine maintenance and housekeeping.
what are the tax issues involved?
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