Section 280A and Airbnb – Tax Consequences

Section 280A and Airbnb – Tax Consequences

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 Airbnb, as a short-term…

Tax Tuesday Episode 108

Tax Tuesday Episode 108

…of your reimbursable expenses before your corporation makes a profit? 00:35:12.04 – What are the best practices to get solid bookkeeping results with the least effort using either Quickbooks, spreadsheets, or other means? 00:40:14.00 – I’m starting an Airbnb business and an eCommerce store. What bookkeeping do I use to integrate with Airbnb and Spotify? 00:48:05.04 – What is the…

Selling Your Residence Tax Free without Section 121

Selling Your Residence Tax Free without Section 121

…area, and then designate this home as a rental. List it on VRBO. Put it on Airbnb. Show the IRS that that’s the use you intend to make of your property.” Shifting from Resident to Investor Doing this brings you some massive savings that kick in at the beginning of a new taxable year. At that point, this property shifts…

Top 5 Tax Articles

Top 5 Tax Articles

Anderson Business Advisors is always tracking what’s trending in asset protection, tax planning, and estate planning. Check out the top 5 tax articles on our website. Trader Status Tax Reform Act and Real Estate Investors Section 280A and Airbnb – Tax Consequences What Mileage Rate Can I Claim? IRS Mileage Rate Deductions Is a Tax Audit Coming Your Way?…

Tax Tuesday Episode 109

Tax Tuesday Episode 109

…costs to start a business tax-deductible, and will we get a refund on what we put into starting our business?  00:32:20.09 – What is the best way to fund an Airbnb if money is no object: cash or a mortgage? 00:36:54.03 – What is the best way to fund a new small business based mainly on one piece of equipment…