165 results found • page 2 of 17

PODCAST
How to Set Up a Beneficiary Deed
...Airbnb,” just means short-term rental. “I will be personally managing this Airbnb starting December of this year.” These were probably sent in since the last Tax Tuesday. We had two in December, so obviously you’re getting some people that are doing the end-of-the-year stuff but are still very relevant. “My spouse and I both have W-2 income, no other active...
https://andersonadvisors.com/podcasts/how-to-set-up-a-beneficiary-deed/
PODCAST
Tax Tuesday Episode 124: Flipping Real Estate
...any of the tax consequences from the Airbnb. The Airbnb, we’re just trying to keep that active income off of you, but this could be a $2000 a month lease. The Airbnb is making (let’s say) $3000 a month (I’m just picking numbers out of my head), we can write off that extra $1000, $2000, $3000 pretty easy with just...
https://andersonadvisors.com/podcasts/tax-tuesday-with-toby-mathis-09-01-2020/
PODCAST
Tiny Home Investing: Uncover The Secret To Making BIG Profits
...Airbnb to cover the mortgage Building tiny houses and the challenges involved Getting started – rules and regs, financing Calculating your Airbnb potential revenue Get into the rental business with a house hack Tiny homes, small homes, regular homes Get coaching from Rob at HostCamp Yurts, glamping, teepees, and airstream rentals Checking your municipalities for rules and regs on unusual...
https://andersonadvisors.com/podcasts/tiny-home-investing/
PODCAST
Tax Tuesdays Episode 97: Small Businesses
...getting almost $300,000 a year for the Airbnb on his property on a beach. It’s a fantastic property. Here’s the deal. The reason I threw this in here is because your calculation needs to be accurate. When you’re in Airbnb, that’s a hotel. If your average rental is seven days or less, you are not a rental anymore. You have...
https://andersonadvisors.com/podcasts/tax-tuesdays-with-toby-mathis-08-06-2019/
PODCAST
S-Corporation Tax Benefits: Why You Should Switch to an S-Corporation
...have passive limitations. I always like retirement. If we’re not taking advantage of retirement contributions when we’re able to, it’s almost like leaving money on the table. Eliot: It really is. We talk a lot about Airbnb, obviously. But remember that concept of Airbnb is like you’re a motel. That holds true to any other business. If this is a...
https://andersonadvisors.com/podcasts/s-corporation-tax-benefits/
PODCAST
Tax Tuesday Episode 131: Proposition 19
...What you’d ended up doing is having the properties themselves, […] in LLC that you list to your Airbnb and Airbnb host business. The Airbnb host business is an active business. and now you’re keeping those other properties as passive. Which allows you to get some passive income, number one. And number two, you’re going to offset that passive income...
https://andersonadvisors.com/podcasts/tax-tuesday-with-toby-mathis-12-08-2020/
PODCAST
How Dividends Are Taxed and How to Reduce Your Tax Bill
...are partnering with a friend,” I should say current friend, “to run an Airbnb business. Now, we will buy the property and our friend will manage the Airbnb business. Does this qualify us as professional investors?” Jeff? Jeff: Actually, it does the opposite from my point of view. If you’re not managing that Airbnb business yourself, your partner is actually...
https://andersonadvisors.com/podcasts/how-dividends-are-taxed/
PODCAST
How To Structure Your Side Business
...we do. For example, you say real estate investing and Airbnb. There are rental properties and there’s Airbnb. Sometimes you want those to be treated similarly, because Airbnb almost always is a trade or business. It’s not a rental activity. Sometimes you need to have those properties treated as a rental activity if you’re going for something like real estate...
https://andersonadvisors.com/podcasts/how-to-structure-your-side-business/
PODCAST
Tax Tuesday Episode 144: Estate Planning
...You mean starting Airbnb with substantial services? Toby: Yeah. Jeff: There’s an Airbnb with substantial services, and that’s actually 30 days or less. Toby: What kind of substantial services, cleaning? Jeff: We’re talking about things that you do while the place is occupied, not between occupancy. It’s got to be services for your clients that are staying there. Cutting the...
https://andersonadvisors.com/podcasts/defer-capital-gains-tax-tuesday-ep-144/
POST
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. Notice: If you own a business, you will need to become compliant with the US Corporate Transparency Act Learn how...
https://andersonadvisors.com/blog/section-280a-and-airbnb-tax-consequences/