A Complete Tax Guide for Airbnb and other short-term rental hosts
Learn everything you need to know about short-term rental taxes in Every Airbnb Host’s Tax Guide. All short-term rental hosts in the United States can benefit from this complete and thorough tax guide. Every Airbnb Host’s Tax Guide is the first, and still the best, of its kind.
Whether you rent your property through Airbnb, Flip Key, Craigslist, or Vrbo, you want to make sure you understand the tax rules, including the 20% pass-through deduction. Every Airbnb Host’s Tax Guide tells rental hosts everything they need to know about taxes for short-term rentals, including deductions they may take, depreciation, when short-term rentals are tax-free, repairs, and tax reporting for short-term rentals.
This new edition also has updated information on how short-term rental hosts can protect themselves from IRS audits, as well as strategies for deducting rental losses in the current short-term rental environment. It discusses how the expiration of the Tax Cuts and Jobs Act (the massive tax reform law that went into effect in 2018) on December 31, 2025, will affect short-term rental hosts and what steps they can take now to protect themselves.
Take all the short-term rental deductions to which you’re entitled, pay no more tax than is legally required, and stay out of trouble with the IRS. This book provides all of this information in a practical, easy-to-understand way.
Содержание
1. Introduction: Who This Book Is For 2. How Short-Term Rental Hosts Are Taxed 3. Tax-Free Short-Term Rentals 4. Deducting Your Expenses: The Basics 5. Operating Expenses 6. Repairs 7. Deducting Long-Term Assets 8. Prorating Your Deductions 9. Reporting Rental Income on Your Tax Return 10. Filing IRS Form 1099 Information Returns 11. Deducting Losses for Short-Term Rentals 12. Record Keeping [Checklist about the various tax deductions available and how to deduct losses.] Index
Об авторе
Stephen Fishman has dedicated his career as an attorney and author to writing useful, authoritative, and recognized guides on business, taxation, and intellectual property matters for small businesses, entrepreneurs, independent contractors, and freelancers. He is the author of 20 books and hundreds of articles, and has been quoted in The New York Times, Wall Street Journal, Chicago Tribune, and many other publications. Among his books are Every Landlord’s Tax Deduction Guide, Deduct It! Lower Your Small Business Taxes, Home Business Tax Deductions, and Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Gig Workers of All Types, published by Nolo. He is a two-time recipient of the Independent Book Publishers Association’s Benjamin Franklin Award.
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