The complete tax guide for Airbnb and other short-term rental hosts
As a short-term rental host, you’re entitled to many valuable deductions and other tax benefits. This book—the first of its kind—shows you how to pay no more tax than necessary on your rental income while complying with IRS rules.
Learn everything you need to know about taxes, including:
what deductions you should be taking
how to report your short-term rental income
how to deduct losses
vacation home and tax-free rental rules
how to allocate costs when you rent a room in your home, and
how to keep proper records.
Whether you rent your property through Airbnb, Flip Key, Home Away, Trip Advisor, Craigslist, or VRBO, you want to make sure you understand these tax rules. That way, you can rest assured you are making the most out of your hosting business without risking problems with the IRS.
Mục lục
1. Introduction: How to Use This Book
2. How Short-Term Rental Hosts Are Taxed
3. Tax-Free Short-Term Rentals
4. Tax Deductions for Short-Term Rentals
5. Tax Reporting by Rental Platforms
6. Deducting Losses from Short Term Rentals
7. Filing Your Tax Return
8. Recordkeeping
[Checklist about the various tax deductions available and how to deduct losses.]
Giới thiệu về tác giả
Stephen Fishman is the author of many Nolo books, including Deduct It! Lower Your Small Business Taxes, Every Landlord’s Tax Deduction Guide and Home Business Tax Deductions: Keep What You Earn—plus many other legal and business books. He received his law degree from the University of Southern California and after time in government and private practice, became a full-time legal writer.