Give your STR- the Tax Advantage
Peace of Mind & Additional Cash Flow
STR-Tax Wise Services
Please see video - How Short Term Rentals are taxed.
Taxes are complicated enough for traditional landlords, but they can be even more difficult for short term rental hosts. On-line rental platforms provide little or no tax guidance- they're in the rental business, not the tax advice business. More than ever, you need guidance when it comes to taxes for your short-term rental.
Short Term Rental Taxes:
Short term rentals get special tax treatment from the IRS and have significant benefits. Many real estate investors are adding short term rental properties to their portfolios, with significant success. Learn how short-term rentals are taxed is important for your future Many still have questions about how short-term rental are taxed, in addition, tax and legal structures, Investor concerns and confusion are certainly valid, due to fact the short-term rental rules are unique & complex to other types of real estate investment. When reviewing your planning, you need to incorporate these tax rules, learning how these rules affect your taxes, is crucial, my office specialized in giving you the advanced tax law care- accurate and legal tax advice, you need for success and compliance.
Use the form below to schedule a zoom call.
Why not increase your Cash Flow!
Minimizing the taxes you pay on your rental income can make your hosting activity far more profitable, it can spell the difference between making or losing money. There is so much we can do for you,
- Short Term rentals that qualify for tax-free treatment
- How your tax Status affects your deductions
- Direct Expenses deductions in Full
- Operating Expenses that must be allocated
- Repairs vs. Improvements-
- Safe Harbor deductions-can be really beneficial
- How to properly accelerate your depreciation.
- The Pass-Through Tax Deduction
- Prorating your deductions
- Direct Expenses are fully Deductible, Expenses that must be prorated.
- Deduction Losses for short term rentals-Recordkeeping, supporting document for your expenses - they are different than Long Term.
- Recordkeeping, supporting document for your expenses.
- Filing form 1099 – Information returns
- Vacation Home Rules
- Hotel Business Rules-can be an advantage
- Accelerate Regular Rental Activity Rules
We really take your taxes seriously, and work hard to minimized your legal requirements, click the button to begin the conversation.
Use the form below to schedule a zoom call.