Every Airbnb Host's Tax Guide (eBook)

Stephen Fishman (Autor)

eBook Download: EPUB

2018 | 2., Second Edition
192 Seiten
Nolo (Verlag)
978-1-4133-2552-2 (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.



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.

Inhalt

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

Index









[Checklist about the various tax deductions available and how to deduct losses.]

Produkt-Details

• Erscheint lt. Verlag: 15.8.2018
• Zusatzinfo: charts, tables, graphs, forms
• Verlagsort: Berkeley
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Steuern / Steuerrecht
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• ISBN-10: 1-4133-2552-1 / 1413325521
• ISBN-13: 978-1-4133-2552-2 / 9781413325522