Tax Guide for Short-Term Rentals: Airbnb, HomeAway, VRBO and More
| Author | : | |
| Rating | : | 4.17 (751 Votes) |
| Asin | : | 1413324568 |
| Format Type | : | paperback |
| Number of Pages | : | 150 Pages |
| Publish Date | : | 2017-12-10 |
| Language | : | English |
DESCRIPTION:
. He received his law degree from the University of Southern California and after time in government and private practice, became a full-time legal writer. Stephen Fishman is the author of many Nolo books, including Deduct It! Lower Your Small Business Taxes, Every Landlord's Tax Deduction Guide and
On the other hand, some short-term landlords have to pay not only income tax on their profits, but Social Security and Medicare taxes as well. If you don’t take all the deductions to which you’re entitled, you’ll pay more tax than you need toosomething the IRS will never complain about! If you incur losses, you’ll need to jump through a series of legal hoops to deduct those losses from the other income you earn.There are many books that explain how to market and efficiently run short-term rentals. From the Author Renting your main home, vacation home, or other residential property through short-term rental ho
If you don’t understand the unique tax issues that arise when you rent your property short term, you can miss out on many valuable deductions and other tax benefits. You also risk running into problems with the IRS if you don’t keep proper records or report your rental income properly. This book gives short-term rental hosts all the knowledge and strategies they need to ensure they pay no more tax than legally necessary.. Understanding taxes is an essential part of any profit-making endeavorincluding short-term rental hosting through Airbnb and similar online platforms