You'll need to sign in or create an account to connect with an expert.
You can deduct expenses associated with your rental. See Publication 527, Residential Rental Property (Including Rental of Vacation Homes).
I read the tax document and it says you can deduct taxes which I do for the times I rent the short term rental myself. However, since VRBO/AirB now are required to collect the taxes and submit them to the government in NC I am not sure I can deduct them. There are many people asking this question.
Ok ... IF you report ALL the rent including the taxes then you can deduct the taxes. If you only report the net rent because the company remits the taxes and only reports the net then you don't.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Obee
New Member
sam14
Level 2
ggdollens
New Member
restbrook61
New Member
japantek
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.