I have a vacant 12-acre wooded lot next to my house. In 2021, I rented it to dog owners who wanted a private place to walk their dogs, using the website Sniffspot, which operates like Airbnb but is for people who want a private place to take their dogs. I didn't make much money, about $300. In 2021, I am going to rent the site out to people who want to camp, using the website Hipcamp. Again, this is much like Airbnb, with a review and rating system for both owners and clients, and some insurance provided by Hipcamp. I believe I can make $2,000 or more doing this. My question is, for my business expenses, can I deduct all or a portion of the property taxes? The property is not used for anything else. It is just woods and trails. But I pay $5,000 a year in property taxes on it, so if I deduct all, my business is going to be a net loss.
