Yeah, sorry, I am new to this portion of the Fed law, and I am always very cautious when it comes to meeting the Tax law requirements. Since I am under contract...
Ok, and yes, I am fretting a bit, I know 🙂So...I am also concerned with the way the calculation seems to be done to split the costs of the rental between busin...
Can anyone clarify my understanding of "a year"? Is it tax year (Jan -Dec for me) or a continuous 12 month period of time of ownership (August - July for the co...
Can anyone clarify my understanding of "a year"? Is it tax year (Jan -Dec for me) or a continuous 12 month period of time of ownership (August - July for the co...
Thanks for the thorough answer. I am getting a book on tax rules for short term rentals (entitled Every Airbn hosts Tax Guide) to help learn some of the code ru...