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PODCAST
Tax Tuesdays Episode 115: CARES Act
...require collateral. The PPP or the EIDL, neither of those require a personal guarantee. All right. Let’s see what we got left. “If I Airbnb my rental property, do I qualify for some type of unemployment?” Jeff: You probably qualify for unemployment and possibly PPP and possibly EIDL, you qualify. You can think of everybody at Airbnb who wrote in...
https://andersonadvisors.com/podcasts/tax-tuesdays-with-toby-mathis-04-28-2020/ -
PODCAST
Buying Airbnb with Your IRA – Tax Tuesday Episode 146
Tax Tuesdays Buying Airbnb with Your IRA - Tax Tuesday Episode 146 Play Episode Pause Episode 1x 00:00 / The IRS is 35-million tax returns behind by their own admission, and they managed to answer 3% of the calls that were placed last year. If you need an answer to your tax question, don’t call the IRS. Toby Mathis and...
https://andersonadvisors.com/podcasts/buying-airbnb-with-your-ira-tax-tuesday-episode-146/ -
PODCAST
Strategies to Reduce Your Tax Liability as a Real Estate Flipper
...status. The plan is to keep those short term rentals as Airbnb with eight days or more, a.k.a passive, and keep the long term rental as is. The first question is, can the wife manage, clean those Airbnbs and claim the 750 hours without touching the third long term rental that is far away and group them all together?” This...
https://andersonadvisors.com/podcasts/strategies-to-reduce-your-tax-liability-as-a-real-estate-flipper/ -
PODCAST
How to Maximize Tax Deductions for Your Home Office
...decrease this for this year and next year by starting an Airbnb info to questions submitted? I am a physician by profession and decreased work hours decreased from 20–25 per week.” I think the key here is we’re cool with Airbnb. We have all this income coming in. What do we do, Jeff? Jeff: We start at Airbnb. I’m going...
https://andersonadvisors.com/podcasts/how-to-maximize-tax-deductions-for-your-home-office/ -
PODCAST
How to Fill Out Tax Returns as a Real Estate Investor
...the most important when trying to qualify for funding as a self-employed sole member LLC as a real estate investor? Refer to schedules A, C, E, and K-1 on Form 1040 If I want to establish an Airbnb from my timeshare, how do I structure my entities? What is the best way to operate that to save tax? Depends on...
https://andersonadvisors.com/podcasts/how-to-fill-out-tax-returns/ -
PODCAST
Tax Tuesdays Episode 96: Tax Cuts
...the holding company. You get it. “So, the holding company LLC is not attached to the C Corp?” Correct. “The holding company LLC is managed by the C Corp—9 times out of 10—but what if the real estate is short-term? For example, vacation property?” All right, so Airbnb. Here’s the rule. Seven days or less equals active. That’s no longer...
https://andersonadvisors.com/podcasts/tax-tuesdays-with-toby-mathis-07-23-2019/ -
PODCAST
Tax Tuesdays Episode 101: Bonus Depreciation
...in front of us, “What is the best way to set up an Airbnb business that is solely owned single family house?” This is where it gets really interesting. When you have an Airbnb business and if the average day that a guest stays in your house is seven days or less, then it’s really a hotel. It becomes a...
https://andersonadvisors.com/podcasts/tax-tuesdays-with-toby-mathis-10-01-2019/ -
PODCAST
How To Report Income From A Short-Term Rental Property
...from W-2 to 1099 income for tax benefits. Additionally, Eliot and Toby discuss maximizing deductions through trading partnerships, the benefits of Health Savings Accounts, vehicle write-offs, and home office deductions. Submit your tax question to taxtuesday@andersonadvisors. Highlights/Topics: Is short -term Airbnb and VRBO (short term rentals) under Schedule C or Schedule E? – if it’s just bare oversight management, etc....
https://andersonadvisors.com/podcasts/how-to-report-income-from-a-short-term-rental-property/ -
PODCAST
Shared Housing: How Investors Can Double Their Income And Solve The Affordable Housing Crisis
...crisis, and builders are creating giant homes Padsplit – what is it, and how is it different from AirBnB? Padsplit handles all the logistics that you don’t want to – applications, approvals, collections, house-rule issues, etc. Weekly rentals have had a false stigma of being for transients Turnover costs of one single room is simply a mattress cover Hosts provide...
https://andersonadvisors.com/podcasts/shared-housing-how-investors-can-double-their-income-and-solve-the-affordable-housing-crisis/ -
PODCAST
Tax Tuesday with Toby Mathis 10-16-18
...sole proprietor, write off business portion What if you loan money to your LLC, is there imputed interest? You can’t impute interest to yourself; but if it’s a separate taxpayer, then you have imputed interest What if I rent a hotel or Airbnb when I’m looking for an investment property? Set up a corporation to write off those types of...
https://andersonadvisors.com/podcasts/tax-tuesday-with-toby-mathis-10-16-18/



