Short-Term Rentals: A Tax Guide
Offering your home or spare room as a short-term rental on sites like Airbnb and Vrbo has been gaining popularity as a quick way to earn extra cash. But do you know what your tax liability is as a host? Are you getting all your tax deductions? Before you become a short-term rental host, you should consider the following: The 14-Day Rule The 14-day rule is the most important for anyone considering renting out a vacation home. Under this rule, you are NOT required to pay tax on income earned from a short-term rental if you rent the property for 14 days...
May 11, 2022
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