Introduction: who this book is for -- How short-term rental hosts are taxed -- Tax-free short-term rentals -- Deducting your expenses: the basics -- Operating expenses -- Repairs -- Deducting long-term assets -- Prorating your deductions -- Reporting rental income on your tax return -- Filing IRS Forms 1099 information returns -- Deducting losses for short-term rentals -- Recordkeeping.
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SUMMARY OR ABSTRACT
Text of Note
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 make the most out of your hosting business without risking problems with the IRS. The book covers the new tax law, including the new 20% pass-through deduction. Whether you rent your property through Airbnb, FlipKey, HomeAway, TripAdvisor, Craigslist, or VRBO, you want to make sure you understand these tax rules. This new edition is completely updated to cover the new Tax Cuts and Jobs Act.
ACQUISITION INFORMATION NOTE
Source for Acquisition/Subscription Address
Ingram Pub Services, Attn: Benton Tatum 1 Ingram Blvd, LA Vergne, TN, USA, 37086
OTHER EDITION IN THE SAME MEDIUM
Title
Tax guide for short-term rentals.
International Standard Book Number
9781413324563
OTHER EDITION IN ANOTHER MEDIUM
Title
Tax guide for short-term rentals.
International Standard Book Number
9781413325522
PARALLEL TITLE PROPER
Parallel Title
Tax guide for short-term rentals :
Other Title Information
Airbnb, HomeAway, VRBO & more
TOPICAL NAME USED AS SUBJECT
Bed and breakfast accommodations-- Taxation-- Law and legislation-- United States.
Rental housing-- Taxation-- Law and legislation-- United States.
Vacation rentals-- Taxation-- Law and legislation-- United States.