Airbnb, Vacation Rental, and Short-Term Rental Tax Tips

The Real Estate Law Podcast

Airbnb, vacation rentals, and other short-term rentals are new ways of making money that investors are discovering as side hustles or legitimate full-time businesses.

When you run an Airbnb, vacation rental or short-term rental business there are a number of tax implications that you may not find in your standard 1040 tax forms. These relate to home mortgage interest deductions, depreciation deductions, timing of income recognition and more.

If you happen to be running, or are considering running an Airbnb (or vacation rental of any kind) or short-term rental company, you will want to listen to this episode of The Real Estate Law Podcast to understand how you can maximize your tax benefits and legally minimize your tax liability.

Tax laws are constantly changing, especially for short-term rentals, so be sure to check with your tax professional.

In this episode, we discuss a number Tax Tips for Airbnb and Short-Term Rental Operators, including:

1. Tracking stays and keeping good records

2. Depreciation

3. When to place your rental in service

4. Mileage expenses and travel

5. Educational seminars

6. Loan and credit card interest

Join Jason Muth from Straightforward Short-Term Rentals and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!

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