Comprehensive rental property tax guides covering income and expense reporting, QBI safe harbor, short-term rentals, and real estate professional status.
Navigate the tax rules for rental real estate including income and expense reporting, qualified business income deduction, short-term rentals, and professional status.
What counts as rental income, deductible expenses, depreciation, repairs vs. improvements, and personal use rules.
Organize your rental income and expenses for accurate tax reporting and maximizing deductions.
Qualify your rental real estate for the 20% qualified business income deduction through the safe harbor election. Includes 250-hour requirement and recordkeeping.
Meet the real estate professional requirements to avoid passive loss limitations. Material participation tests and planning strategies.
Tax treatment of vacation rentals, Airbnb, VRBO properties. 7-day vs. 30-day average stay rules, and when rentals are treated as active businesses.
Rental property taxation can be complex. Schedule a consultation for strategies to maximize deductions and minimize tax.