Tax guide for short-term rentals
Subtitle: Airbnb, HomeAway, VRBO  & more
By: Stephen Fishman, J.D.
Edition: First edition.
Publisher: NOLO
Published: 2018
Language: eng
Number of pages: 179
ISBN-13: 9781413324563
Subjects: Rental housing; Income tax deductions; Bed and breakfast accommodations; Taxation; Law and legislation; Vacation rentals
Description: "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"--Amazon.com.
Notes: "January 2018"--Title-page verso.

Includes index.
Table of contents: title: Introduction: who this book is for --; title: How short-term rental hosts are taxed --; title: Tax-free short-term rentals --; title: Deducting your expenses: the basics --; title: Operating expenses --; title: Repairs --; title: Deducting long-term assets --; title: Protating your deductions --; title: Reporting rental income on your tax return --; title: Filing IRS form 1099 information returns --; title: Deducting losses from short term rentals --; title: Record keeping.