“Every Airbnb Host’s Tax Guide” by Stephen Fishman, J. D. See also: https://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.htmlSee also: https://legaltemplates.net/resources/real-estate/renting-a-room-in-a-house/See also: https://www.nolo.com/legal-encyclopedia/small-taxpayer-safe-harbor-for-repairs-improvements.html “Any rental expenses paid for by guests are rental income; for example, payments a guest makes to you for repairs, utilities, or other rental costs. These costs are then deductible by you as rental expenses.”“You are entitled to […]Read more "Book: Every Airbnb Host’s Tax Guide"
“Every Landlord’s Tax Deduction Guide” by Stephen Fishman, J.D. See updates at https://www.nolo.com/companion/every-landlords-tax-deduction-guide-DELL.html See updates at https://www.nolo.com/companion/every-landlords-tax-deduction-guide-DELL.html “When you own residential rental property, you are required to pay thefollowing taxes:• income taxes on rental income and property sales• Social Security and Medicare taxes (for some landlords)• net investment income taxes (for some landlords), and• property […]Read more "Book: Every Landlord’s Tax Deduction Guide"
“The Book on Tax Strategies for the Savvy Real Estate Investor” By Amanda Han and Matthew MacFarland “A common necessary expense in the real estate world would behomeowners association (HOA) fees. This expense is necessary, because if you didn’t pay the fees, you could be subject to hefty fines and penalties from your HOA board. […]Read more "Book: The Book on Tax Strategies for the Savvy Real Estate Investor"
“Your Best Business Entity For Real Estate Investing: LLC, S Corp, C Corp, Partnership, or DBA?” By Michael Lantrip “But liability is the main reason for not operating as a Sole Proprietorship. The Sole Proprietor is responsible for all obligations of the business.” “The Sole Proprietorship and the General Partnership forms of business are the […]Read more "Book: Your Best Business Entity For Real Estate Investing"