Jul 10, 2020 | Airbnb Taxes
For Airbnb hosts, classifying as a real estate professional is can have a major impact on your tax liabilities. In this post, we’re going to explain what a real estate professional is and it affects your taxes. What is a Real Estate Professional? The IRS...
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Jun 29, 2020 | Airbnb Taxes
Real estate investment trusts are popular vehicles for large-scale real estate investments, but do they have any application to your short-term rental business? Many publically-listed real estate companies organize themselves as REITs for tax benefits and...
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Jun 25, 2020 | Airbnb Taxes
Mexico is a popular tourist destination with lots of affordable real estate opportunities. It’s no wonder that many Airbnb hosts choose Mexico for their first international rental. However, Mexico Airbnb hosts need to keep up with Mexican taxes or they risk...
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Jun 22, 2020 | Airbnb Taxes
Expanding your Airbnb business into international territory can be intimidating. After all, foreign tax laws differ from the U.S., so renting property abroad can complicate your tax situation. However, if your prepared, renting Airbnb properties abroad can be a great...
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Jun 18, 2020 | Airbnb Taxes, Rideshare Taxes, Tax Tips
If you participate in the sharing economy by working as a 1099 contractor or by renting your home on Airbnb, you know that you will likely be required to pay taxes on your income. But just how much do you need to save in order to cover your estimated tax payments?...
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Jun 11, 2020 | Airbnb Taxes, Tax Tips
Airbnb has risen in popularity over the last several years for both travelers and individuals looking to make an extra income. However, Airbnb hosts have to deal with tax ramifications. Many hosts are surprised to find out they owe estimate taxes on their earnings....
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