Airbnb Taxes - How Trump Tax Bill Affects Your Short Term Rental Business (2018)

Richard FertigDec 20, 20175m 23s11.0K viewsScore 75
Regulations & Compliance
intermediate
tax reform
STR taxes
mortgage deduction
property tax deduction
business deductions
M

Summary

AI-generated

This video explains how the 2017 Trump Tax Bill impacts short-term rental hosts by changing mortgage and property tax deductions. It highlights opportunities for hosts to leverage business deductions for their STRs, potentially offsetting personal homeownership cost increases.

Key insights

  • The video suggests that tax reform could lead to decreased real estate values in some areas, creating buying opportunities for STR investors.

Mistakes to avoid

  • Attempting to deduct personal home expenses as business expenses without properly structuring the property as a short-term rental business can lead to legal trouble.

Tools & resources

  • Get Started on Airbnbcourse

    Richard's Get Started on Airbnb course provides guidance for new hosts.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial