Landlords in crosshairs of another potential tax hike - Mortgage Professional America
Summary
This article warns of potential tax increases for landlords, impacting the profitability of short-term rentals. Hosts should stay informed about potential tax changes and consult with tax professionals to prepare.
Key Insights
- •Landlords are in the "crosshairs" of a potential tax hike.
Action Items
- ✓Consult with a tax professional to understand the potential impact of any tax changes on your STR business.Effort: mediumImpact: high
- ✓Hosts should monitor news from reliable sources about potential tax changes.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to stay informed about tax changes could lead to underpayment and penalties.
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