Description
Book Synopsis: The complete tax guide for Airbnb and other short-term rental hosts. As a short-term rental host, you're entitled to many valuable deductions and other tax benefits. This book—the first of its kind—shows you how to pay no more tax than necessary on your rental income while complying with IRS rules.
Learn everything you need to know about taxes, including: what deductions you should be taking, how to report your short-term rental income, how to deduct losses, vacation home and tax-free rental rules, how to allocate costs when you rent a room in your home, and how to keep proper records.
Whether you rent your property through Airbnb, FlipKey, HomeAway, TripAdvisor, Craigslist, or VRBO, you want to make sure you understand these tax rules. That way, you can rest assured you are making the most out of your hosting business without risking problems with the IRS.
All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners' taxes for 2018 and later.
A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.
Details
Are you an Airbnb host or do you rent your property through other short-term rental platforms? If so, you need to know about the valuable tax deductions and benefits you're entitled to. Introducing "Every Airbnb Host's Tax Guide: Airbnb, HomeAway, VRBO and More" - the ultimate tax resource for hosts like you. This one-of-a-kind book will show you how to minimize your tax payments while staying compliant with IRS regulations.
When it comes to taxes, knowledge is power. That's why this comprehensive guide covers everything you need to know about deductions, reporting rental income, deducting losses, vacation home rules, tax-free rentals, cost allocation, record-keeping, and more. Whether you rent through Airbnb, FlipKey, HomeAway, TripAdvisor, Craigslist, or VRBO, understanding these tax rules is crucial to maximizing your hosting business's potential without any worries about future IRS issues.
Stay ahead of the game with the latest information. This book is up-to-date for the 2017 tax year, and it includes an exclusive update page on the Nolo website specifically for this book. This update explains the bonus depreciation change of 2017 and summarizes how the new tax law affects small business owners' taxes for 2018 and beyond. Plus, with a new edition scheduled for release on August 1, 2018, you can stay ahead of any upcoming changes.
Don't let your hard-earned rental income go to waste. Get your copy of "Every Airbnb Host's Tax Guide" today and start saving money while running your hosting business successfully. Click here to make the most out of your Airbnb journey!
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