Draw a Picture. Enjoying your creativity can be a wonderful way to relieve stress, and it's not just an activity for artists. It's been proven that drawing and coloring can effectively relieve stress, so pick up a pencil and doodle.
In fact you don't even have to report the income to the IRS. Your rental income is tax free if, during the year: 1  you rent out your home for 14 days or less), and. 2  the home is used personally for more than 14 days, or more than 10% of the total days it is rented to others at a fair rental price. ( 3 IRC Sec. 280A(g).).
If you rent your home for less than 15 days during the year, any rental income you collect is tax-free. You donât even have to report the income on your tax return. You can still deduct property taxes and mortgage interest whether or not the property is used to produce income. However, you cannot deduct any rental-related expenses.