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Updated over 3 years ago on . Most recent reply

User Stats

50
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Brian Sherman
  • Investor
  • 95821
17
Votes |
50
Posts

Airbb host tax breaks for the purposes of fixing up my house

Brian Sherman
  • Investor
  • 95821
Posted

Just bought a house in Sacramento, Ca. I want to register a section of the house (a seperate inlaw suite with its own entrance and bathroom) as an airbb just for tax purposes. I really don't care about making money off of it (though that would be nice). I just want to rent it out a little bit so I can claim all the tax savings from renovating that section of the house and fixing up the yard and whatever else we can claim. Is this possible? What are all your thoughts? How few days can I rent it and still claim that I'm "fixing up the business."

Most Popular Reply

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2,312
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Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
3,243
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2,312
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Collin Hays
#2 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Replied

I’ve found that working to make money typically pays better than working to save on taxes.  Tail wagging the dog.

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SMOKY MOUNTAIN FALLS INC.

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