I have a renter who will start occupying my second home in January. He will provide checks for the first and last month in December.
The IRS states that income should be reported in the year that I receive it.
However, the renter has not occupied the house at all this year. In that case, the IRS also states that the house is treated as a second home (because it was rented less than 14 days).
But if I receive the income now, how does that work?