Every Airbnb Host's Tax Guide

Cover
Title Page
Table of Contents
1. Introduction: Who This Book Is For
2. How Short-Term Rental Hosts Are Taxed
	Income Taxes
	Social Security and Medicare Taxes
	Net Investment Income Tax
	Local and State Occupancy Taxes
3. Tax-Free Short-Term Rentals
	Short-Term Rentals That Qualify for Tax-Free Treatment
	Effect of Qualifying for Tax-Free Treatment
4. Deducting Your Expenses: The Basics
	What You Can Deduct
	How Your Tax Status Affects Your Deductions
	Deductions for Multiple Owners
5. Operating Expenses
	What Are Operating Expenses?
	Direct Expenses Deductible in Full
	Operating Expenses That Must Be Allocated
6. Repairs
	Repairs Versus Improvements
	Deducting Repairs for Short-Term Room Rentals
	Three Safe Harbors
	Repair Versus Improvement: Analysis Under the Regulations
	How to Deduct Repairs and Maintenance
	When Guests Pay for Repairs
	Properly Document Repairs
7. Deducting Long-Term Assets
	Depreciating Property Used in Your Rental Activity
	How to Depreciate Real Property
	Personal Property
8. The Pass-Through Tax Deduction
	Your Rental Activity Must Be a Business
	Your Rental Activity Must Be a Pass-Through Business
	You Must Have Qualified Business Income
	You Must Have Taxable Income
	Calculating Your Pass-Through Deduction
	Taking the Pass-Through Deduction
	Strategies to Maximize the
9. Prorating Your Deductions
	Direct Expenses Are Fully Deductible
	Expenses That Must Be Prorated
	Calculating Personal and Rental Days
10. Reporting Rental Income on Your Tax Return
	Most Hosts Use Schedule E to Report Rental Income
	Schedule E Line-by-Line
	Completing Schedule E When You Have a Rental Loss
	Hosts Who Don’t File Schedule E
11. Filing IRS Form 1099 Information Returns
	When Someone Else Reports Your Rental Income to the IRS
	Reporting Payments You Make to ICs and Other Workers
	Backup Withholding for Independent Contractors
12. Deducting Losses for Short-Term Rentals
	What Are Rental Losses?
	Which Rental Loss Rules Apply
	Vacation Home Rules
	Hotel Business Rules
	Regular Rental Activity Rules
	Annual Loss Limits
13. Record Keeping
	What Records Do You Need?
	Tracking Income and Expenses
	Supporting Documents for Your Expenses
	Property Usage Record
Index
Book Registration and Updates