163 results found • page 2 of 17

PODCAST
How to Set Up a Beneficiary Deed
...$30,000 and $30,000, $60,000 here, not each, just $30,000 each, right? Jeff: Right. Toby: There we go. All right, “I have an existing single family home which I’m converting to an Airbnb. I’ll be personally managing this Airbnb starting December.” This is last year. “My spouse and I both have W-2 income and no other active business. Can I use...
https://andersonadvisors.com/podcasts/how-to-set-up-a-beneficiary-deed/
PODCAST
Tax Tuesday Episode 124: Flipping Real Estate
...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 regular business expenses going back to the individual corroborating....
https://andersonadvisors.com/podcasts/tax-tuesday-with-toby-mathis-09-01-2020/
PODCAST
Tiny Home Investing: Uncover The Secret To Making BIG Profits
...Airbnb. I think there’s a lot of ways that you can research, market, and corroborate if it’s going to be a good investment for you. There are tools like AirDNA, which is effectively an aggregate of all Airbnb data. It’ll tell you to help you estimate how much money a particular Airbnb can make in a specific zip code, in...
https://andersonadvisors.com/podcasts/tiny-home-investing/
PODCAST
Tax Tuesdays Episode 97: Small Businesses
...cool stuff that I wouldn’t be able to do. Jeff: The other thing it does is it separates the real estate from the business. If your Airbnb does get sued, they can’t get to that property. Toby: There are cases of Airbnb business is being sued for discrimination or for misrepresentations. There are all sorts of stuff. You’re keeping it...
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
...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 time in our situation here for these taxpayers asking...
https://andersonadvisors.com/podcasts/s-corporation-tax-benefits/
PODCAST
Tax Tuesday Episode 131: Proposition 19
...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 with your depreciation on those properties. Now, your active business, your...
https://andersonadvisors.com/podcasts/tax-tuesday-with-toby-mathis-12-08-2020/
PODCAST
How Dividends Are Taxed and How to Reduce Your Tax Bill
...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 going to have more material participation than you do....
https://andersonadvisors.com/podcasts/how-dividends-are-taxed/
PODCAST
How To Structure Your Side Business
...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 professional status. Otherwise, sometimes you want the Airbnb to...
https://andersonadvisors.com/podcasts/how-to-structure-your-side-business/
PODCAST
Tax Tuesday Episode 144: Estate Planning
...Better tell somebody if they want it for 99¢, go get it. “Real estate professionals shouldn’t matter with short-term rentals. Those are separate buckets, right? Unless you have a short-term rental not longer than seven days average” Not really. Do you want to explain? There are three buckets for Airbnb. Jeff: You mean starting Airbnb with substantial services? Toby: Yeah....
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/