Tax Guide for Short-Term Rentals Airbnb, HomeAway, VRBO and More

ISBN: 1413324568

Category: Uncategorized

Tag: Database/SQL


Posted on 2018-09-23, by nokia241186.

Description




Tax Guide for Short-Term Rentals : Airbnb, HomeAway, VRBO and More
by Stephen Fishman
English | 2017 | ISBN: 1413324568 | 190 Pages | PDF | 1.79 MB



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, FlipKey, HomeAway, TripAdvisor, 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.

All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners' taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.
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