The complete tax guide for Airbnb and other short-term rental hosts As a short-term rental host, you’re entitled to many valuable deductions and other tax benefits. This book―the first of its kind―shows you how to make the most of your hosting business without risking problems with the IRS Learn everything you need to know about taxes, including: deductions you should be taking - how to report your short-term rental income - how to deduct losses and - vacation home and tax-free rental rules. Whether you rent your property through Airbnb, FlipKey, TripAdvisor, Craigslist, or VRBO, you want to make sure you understand these tax rules, including the new 20% pass-through deduction. This edition includes comprehensive coverage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). "2018 Gold winner Benjamin Franklin Award." Independent Book Publishers Association "2017 Foreword INDIES Book Finalist." FOREWORD REVIEWS "This plain-language guide explains the ins and outs of taxes for short-term rental hosts. The rules covered here apply to short-term rentals arranged through online rental platforms such as Airbnb, FlipKey, HomeAway, TripAdvisor, and VRBO, as well as short-term rentals made through Craigslist or through offline local advertising, word-of-mouth, or any other means. Guidelines are given on record keeping, reporting income, deducting expenses and losses, qualifying for tax-free treatment, and repairs. The book contains line by-line guidance on filling out specific IRS forms. This second edition reflects current tax law, including the Tax Cuts and Jobs Act and the 20% pass-through deduction. The publisher’s web site offers legal updates, articles, FAQs, and legal forms." Eithne O'LeyneEditor, ProtoView Stephen Fishman has dedicated his career as an attorney and author to writing useful, authoritative, and recognized guides on business, taxation, and intellectual property matters for small businesses, entrepreneurs, independent contractors, and freelancers. He is the author of 20 books and hundreds of articles, and has been quoted in The New York Times, Wall Street Journal, Chicago Tribune , and many other publications. Among his books are Every Landlord’s Tax Deduction Guide, Deduct It! Lower Your Small Business Taxes, and Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Gig Workers of All Types, published by Nolo. He is a two-time recipient of the Independent Book Publishers Association’s Benjamin Franklin Award.