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Every Airbnb Host's Tax Guide - 7th Edition by Stephen Fishman (Paperback)
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About this item
Highlights
- The complete tax guide for Airbnb and other short-term rental hostsAs a short-term rental host, you're entitled to many valuable deductions and other tax benefits.
- Author(s): Stephen Fishman
- 224 Pages
- Business + Money Management, Taxation
Description
About the Book
"There are over 2.9 million Airbnb hosts in the United States. This book gives them the tax knowledge they need now more than ever. The new edition has full coverage all the tax changes brought about by the Coronavirus relief legislation passed by Congress, including new sick leave and family leave tax credits for self-employed hosts, employee retention credit, and tax-free treatment of landlord PPP loans. These new tax breaks can save hosts thousands." --
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 make the most of your hosting business without risking problems with the IRS.
Learn everything you need to know about taxes, including:
- what expenses you can deduct
- how to report your short-term rental income
- how to deduct losses, and
- vacation home and tax-free rental rules.
Whether you rent your property through Airbnb, TripAdvisor, Craigslist, or Vrbo, make sure you understand these tax rules, including the 20% pass-through deduction.
This edition has a new section on the financial and tax benefits of renting your primary or vacation home to your business for meetings or other work purposes.
Review Quotes
"2018 Gold winner Benjamin Franklin Award." Independent Book Publishers Association
"2017 Foreword INDIES Book Finalist." FOREWORD REVIEWS
"This plain-language guide explains the ins and outs of taxes for short-term rental hosts. The rules covered here apply to short-term rentals arranged through online rental platforms such as Airbnb, FlipKey, HomeAway, TripAdvisor, and VRBO, as well as short-term rentals made through Craigslist or through offline local advertising, word-of-mouth, or any other means. Guidelines are given on record keeping, reporting income, deducting expenses and losses, qualifying for tax-free treatment, and repairs. The book contains line by-line guidance on filling out specific IRS forms. This second edition reflects current tax law, including the Tax Cuts and Jobs Act and the 20% pass-through deduction. The publisher's web site offers legal updates, articles, FAQs, and legal forms." Eithne O'LeyneEditor, ProtoView