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Tax guide for short-term rentals : Airbnb, HomeAway, VRBO & more / Stephen Fishman, J.D.

By: Material type: TextTextPublisher: Berkeley, CA : Nolo, 2018Copyright date: ©2017Edition: First editionDescription: 179 pages : illustrations ; 23 cmISBN:
  • 9781413324563
  • 1413324568
Subject(s): Genre/Form: Additional physical formats: Online version:: Tax guide for short-term rentals.DDC classification:
  • 343.7306/6 23
LOC classification:
  • KF6495.H67 F57 2018
Contents:
Introduction: who this book is for -- How short-term rental hosts are taxed -- Tax-free short-term rentals -- Deducting your expenses: the basics -- Operating expenses -- Repairs -- Deducting long-term assets -- Protating your deductions -- Reporting rental income on your tax return -- Filing IRS form 1099 information returns -- Deducting losses from short term rentals -- Record keeping.
Summary: "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"--Amazon.com.
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Holdings
Item type Current library Home library Shelving location Call number Status Date due Barcode Item holds
Book Book La Retama Central Library La Retama Central Library Nonfiction 343.73066 FIS (Browse shelf(Opens below)) Available 43185002087151
Total holds: 0

Includes index.

Introduction: who this book is for -- How short-term rental hosts are taxed -- Tax-free short-term rentals -- Deducting your expenses: the basics -- Operating expenses -- Repairs -- Deducting long-term assets -- Protating your deductions -- Reporting rental income on your tax return -- Filing IRS form 1099 information returns -- Deducting losses from short term rentals -- Record keeping.

"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"--Amazon.com.

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