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Updated about 3 years ago,

User Stats

120
Posts
37
Votes
Andrew Yu
  • Investor
  • Little Rock, AR
37
Votes |
120
Posts

Tax Questions on Using My Home's Rooms As AirB&B

Andrew Yu
  • Investor
  • Little Rock, AR
Posted

I'm about to make my spare bedroom's AirB&B live. My question is what's the best way to report my income on this and also reduce taxes? Put my home in a LLC? We don't want to miss out on the zero capital gain when I sell my home in the future. What's the best strategy here?

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