Tax laws are full of exceptions, but the 14-day rule—sometimes called the "Masters exception" because of its popularity in Georgia during the annual Masters golf tournament… See more

If you just rent out one room in your house, the 14-day rule applies in the same way as if you rent out your whole house. Fourteen days or less, you don’t even have to report the income … See more

You'll have a much easier time with tax issues on your short-term vacation rental if you treat it as a business from the get-go and keep meticulous records. If you rent out your pl… See more

You are entitled to deduct all “ordinary and necessary”expenses to operate your rental business. Like the "BnB" in Airbnb, think of your rental as a bed-and-breakfast. If you buy new to… See more