Mar 15, 2021 | Airbnb Taxes
As a business owner, you need to buy, use, and – eventually – dispose of the property. And, when you sell something, the IRS wants to get its cut of any gains on that sale. These taxes can take a major toll on your finances. To plan for these taxes,...
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Mar 8, 2021 | Airbnb Taxes
Many homeowners use Airbnb to make money from their property, and, as usual, city governments want a piece of the action. Several cities have imposed special taxes on Airbnb and other short-term rental apps over the past years to increase their tax revenues. Most...
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Feb 2, 2021 | 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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Oct 13, 2020 | Airbnb Taxes
The short-term rental (STR) industry has seen a massive boom over the last several years. These days, many travelers prefer Airbnb or VRBO over traditional hotels. And this trend has led to the growth of many operators, from empty nesters putting their spare rooms on...
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Sep 24, 2020 | Airbnb Taxes
Approximately 10 million individuals file an extension every year, and many of them are homeshare hosts. If you rent on Airbnb, you should consider a few things. This list explains the top three things you should consider before pulling the trigger on your Airbnb tax...
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Sep 24, 2020 | Airbnb Taxes, Tax Tips
How do you report Airbnb taxes? Estimated tax planning is the best way to ensure that your taxes are properly filed as an Airbnb host. Here are some tips to help you prepare your Airbnb taxes so that you can avoid tax problems. This post specifically focuses on Airbnb...
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