Taxes & Short-term Residential Rentals (i.e. AirBnb & VRBO)

Event description

Your short-term residential rental is a business. Your hours of involvement and type of involvement determine what kind.

If you are "actively" involved, you may be self-employed, which means the money you make is considered earned income. If you are only "somewhat" involved, your rental may be deemed passive.

This webinar will teach you how to determine what kind of business your rental is, which is crucial to understanding your options and making your investment work for you tax-wise.

You will also learn:

• Which activities are considered business activities
• The number of activity hours that determine each business type
• What "income" is and types of earned income
• What expenses are available to your individual business
• Good practices for tracking hours and expenses 
• The fundamentals of depreciation