The Ultimate Guide to Airbnb and Short Term Rental Tax Deductions

The Ultimate Guide to Airbnb and Short Term Rental Tax Deductions

Airbnb is an app for turning your vacant property or properties into vacation destinations. And if you own an Airbnb property, there are several tax breaks you could be taking advantage of. Airbnb Tax Deductions Depreciation Cost Segregation Furniture Cleaning/Maintenance Fees Marketing Home Office Deduction Commissions and Fees Mortgage Interest and Insurance Other indirect expenses How Did Airbnb Get Its…

Section 280A and Airbnb – Tax Consequences

Section 280A and Airbnb – Tax Consequences

Updated October 2, 2021 The popularity of online rental marketplaces like Airbnb has exploded, providing a previously unavailable income opportunity for people. By blurring the lines between personal and business space, Airbnb ‘landlords’ could end up dealing with the IRS. Learn how you need to protect yourself as a short-term rental landlord. Renting out your home through a service like…

Is AirBnB the Best Choice for You?

Is AirBnB the Best Choice for You?

In this episode of Tax Tuesday, Toby Mathis brings tax knowledge to the masses and breaks down your tax questions LIVE! He’s joined by Jeff Webb, CPA and Tax Director at Anderson Business Advisors. Updated September 9, 2020 Featured Questions 00:08:52.02 – I have a short-term rental (Airbnb). What’s the best way to protect my income distributions from a lien?…

Can You Buy an Airbnb with Your IRA?

Can You Buy an Airbnb with Your IRA?

…have been told that as a land flipper I would not be considered a dealer by the IRS, do you agree? 54:23 – Is tuition for professional learning deductible? 57:59 – Can you buy an Airbnb with money inside and outside of an IRA? 1:02:36 – I am selling my primary residence house and will close 7/23/21. I am not…

How to Start a Tiny House Rental Business

How to Start a Tiny House Rental Business

…pleasure or business and need a place to stay overnight. These guests are choosing to forego the traditional hotel experience to rent out a vacant home instead. Focusing on Airbnb, there are six million properties listed in over 100,000 cities. As you can imagine, this means lots of competition for Airbnb owners. Some Airbnb owners try to stand out from…