Tax Guide for Short-term Rentals

Tax Guide for Short-term Rentals

Airbnb, HomeAway, VRBO & More

Book - 2018
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Baker & Taylor
Presents legal advice on taxation on short-term rentals, describing how to report short-term rental income, deduct expenses, keep proper records, and allocate costs for renting a single room.

Book News
Fishman, an attorney and author of books on taxes and business law for small businesses, entrepreneurs, independent contractors, and freelancers, offers a guide to income tax issues faced by individuals who rent out all or part of their homes to short-term guests through platforms like Airbnb, HomeAway, VRBO, and FlipKey, or on Craigslist or offline. He informs readers about types of taxes; when short-term rentals are tax free; how to identify, allocate, and maximize short-term rental deductions; IRS reporting; how to deduct rental losses; how to complete a tax return; and recordkeeping. Annotation ©2018 Ringgold, Inc., Portland, OR (

Ingram Publishing Services
This book focuses on the unique tax issues arising from renting residential or vacation property through online rental platforms like Airbnb, FlipKey, HomeAway, TripAdvisor, Craigslist, or VRBO. Every short-term rental host needs to understand these tax rules to ensure they take all the deductions to which they are entitled, pay no more tax than is legally required, and stay out of trouble with the IRS. This book provides this information in a practical, easy-to-understand way.
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 pay no more tax than necessary on your rental income while complying with IRS rules.

Learn everything you need to know about taxes, including:
  • what deductions you should be taking
  • how to report your short-term rental income
  • how to deduct losses
  • vacation home and tax-free rental rules
  • how to allocate costs when you rent a room in your home, and
  • how to keep proper records.
Whether you rent your property through Airbnb, FlipKey, HomeAway, TripAdvisor, Craigslist, or VRBO, you want to make sure you understand these tax rules. That way, you can rest assured you are making the most out of your hosting business without risking problems with the IRS.

All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners’ taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.

& Taylor

A practical, easy-to-understand resource focuses on the unique tax rules that apply to renting residential or vacation property through online platforms such as Airbnb, FlipKey, HomeAway, TripAdvisor and Craigslist. Includes forms, charts and graphs. Original.

Publisher: Berkeley, CA : Nolo, 2018
Edition: First edition
ISBN: 9781413324563
Branch Call Number: 343.7306 FISHM
Characteristics: 179 pages ; 23 cm
Notes: Includes index


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