AUDIENCE FOR BOOK: Anyone who rents residential property short-term through an online rental platform and wants to understand all the tax rules (including deductions) applicable to them. The rental host audience for this book includes Airbnb, FlipKey, HomeAway, TripAdvisor, Craigslist, VRBO, and many others. Includes comprehensive coverage of the new tax law (the Tax Cuts and Jobs Act).In 2015, there were an estimated 550,000 hosts on Airbnb alone in the U.S. This number doesn't include all the other short-term rental hosts and platforms that can benefit from this book. REASONS TO BUY THIS NEW EDITION: Explains all the significant tax issues that Airbnb and other short-term rental hosts need to know. Includes comprehensive coverage of the new tax law (the Tax Cuts and Jobs Act) and how it affects short-term rental hosts.
Shows how hosts can take advantage of new tax breaks for passthrough businesses and deducting rental property. Comprehensive and easy to read, organized into practical, understandable categories of the most important tax issues for rental property hosts, including tax-free rentals, tax deductions, tax reporting, and deducting losses. There are several books for Airbnb hosts about marketing and practical aspects of short-term rentals but nothing specifically on tax issues although some have short chapters on taxes.