- Feb. 9, 2021
-- Deducting The Right Way® grows its book collection with The Mini Tax Guide For Short Term Rentals: An Inside Look At Your Post-Hosting Financial Life
written by award-nominated authors Iris K. Palma, JD, and Thomas J. Williams, EA.
The book discusses what you can expect as a host of a room or house regardless of the online platform you've chosen (e.g., Airbnb, Vrbo). The guide also offers tips on preparing your primary residence or second home for guests and how to report the Schedule C or Schedule E rental income.
"Earning extra money on the side with short-term stays sounds like it's easy, but there is a lot to consider," said Palma. "We wanted to give rental taxpayers a taste of what to expect with their listings," added Williams.
You can buy The Mini Tax Guide For Short Term Rentals: An Inside Look At Your Post-Hosting Financial Life
on Amazon worldwide in paperback and Kindle.About Deducting The Right Way®:
We are building a community of entrepreneurs who use the do-it-myself model to handle their business finances but want professional guidance along the way. Our self-serve options include free and paid resources for bookkeeping, accounting, and tax. Visit our website at deductingtherightway.com and check out our book Deducting The Right Way: Untangling Small Business Accounting & Taxes.