In estate planning, one effective way to minimize taxes is through a Qualified Personal Residence Trust (QPRT). This trust offers a chance to reduce the taxes owed on your home, […]
Category: Airbnb Taxes
Can I Write Off Rent as a Business Expense?
Whether you have a home office or are renting a commercial building, you may be wondering if it’s feasible to write off rent as a business expense. For business owners […]
Airbnb Rental Arbitrage: Explained By Pros
Airbnb rental arbitrage has emerged as an intriguing option in the shared economy space, promising potentially lucrative returns with strategic planning. But as with any venture, it’s a balance of […]
Vacation Rental Bookkeeping: Top 6 Tips
Running a vacation rental can be exciting and financially rewarding. Managing the financial aspect of your business is essential, and there is more to do beyond counting the money flowing […]
High Rates and Mortgage Interest Deduction Limits 2023
If you’re thinking about wading into homeownership or are considering refinancing this year, it’s important to know how the mortgage interest deduction will affect you. The IRS limits the amount […]
Short-Term Rental Market: 2023 Airbnb Outlook
The past few years have been a bit of a wild ride for the short-term rental market. In the earliest days of COVID, the demand for travel dried up quickly. […]
Can Hosts Claim Airbnb Experience Tax Deductions?
Airbnb Experiences can provide hosts with a lucrative supplement to their rental earnings. Some resourceful entrepreneurs even use them to generate revenue despite not having property to rent. However, can […]
What Are the Best Mortgage Tax Deductions for Airbnb Hosts?
Mortgage tax deductions are one of the most lucrative write-offs available for Airbnb hosts. Today, we’ll show you how you can calculate and claim the valuable mortgage tax deduction. Mortgage […]
S-Corps for Real Estate: Not a Good Option for Airbnb Hosts
Real estate can be a great investment, but it also comes with some risks. Along with the financial risks of rental property, owning real estate may open you up to […]
Is HELOC Interest Tax Deductible?
Owning a home comes with many tax benefits, but knowing what is tax-deductible can be a little tricky. It gets even more complicated when you have a mixed- or dual-use […]