Tax Guide for Short-Term Rentals (eBook)

Airbnb, HomeAway, VRBO and More

Stephen Fishman (Autor)

eBook Download: EPUB

2017 | 1., First Edition
100 Seiten
Nolo (Verlag)
978-1-4133-2457-0 (ISBN)

Infos

This book focuses on the unique tax issues arising from renting residential or vacation property through online rental platforms like Airbnb, FlipKey, HomeAway, TripAdvisor, Craigslist, or VRBO. Every short-term rental host needs to understand these tax rules to ensure they take all the deductions to which they are entitled, pay no more tax than is legally required, and stay out of trouble with the IRS. This book provides this information in a practical, easy-to-understand way.

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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.

Inhalt

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.]

Produkt-Details

• Erscheint lt. Verlag: 30.11.2017
• Zusatzinfo: charts, maps, graphs, forms
• Verlagsort: Berkeley
• Sprache: englisch
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Steuern / Steuerrecht
• ISBN-10: 1-4133-2457-6 / 1413324576
• ISBN-13: 978-1-4133-2457-0 / 9781413324570