What is the Low Down on Taxes and Short-Term Rental Income?
Short-term rental properties are very popular right now. You see them on mobile apps like Airbnb, VRBO, HomeAway, and more. They can be a great way to make extra income. What some new landlords forget, however, is that their short-term rental income is often still taxed as income, similar to income that they would receive at a nine-to-five job.
Below is the need-to-know tax information related to income and renting out your home or other property...