Why pay $2,000 more and then run the risk of damaging the kitchen table or spilling wine on your white chair and having to pay for a replacement?

Bonus depreciation is an incredible tax benefit, but when you take the time to combine it with the right property and sponsor, that will prove to be a wining formula.Disclaimer: I am not a tax advisor or CPA.

After years of cleaning, dealing with tourists, and having to be on call 24/7 you could not pay me to do STRs.

Our tourists go to Disney and Universal because they WANT an over the top experience.

Okaloosa Island gets more than just tourist renters. 

Since I am not really changing the main purpose of the property, one source told me it shouldn't apply.Lastly, do make sure you apply for an account to pay your sales (collected by Airbnb and vrbo, but not others) and Tourist Development taxes (you must collect).

Vacation rentals can generate higher income during peak season, especially in a tourist-friendly are like Venice.

Tourists are sometimes tarred and feathered. 

It's the biggest feeder city there is besides NYC and also one of the most glamorized tourist spots in recent years. 

Coupled with Louisville’s vibrant cultural scene, which includes the Kentucky Derby, the Muhammad Ali Center, and a burgeoning culinary landscape, it’s no wonder the area continues to attract both new residents and tourists alike.Tax Advantages: A Game-Changer for BusinessesAs if these economic drivers weren’t enough, Kentucky has recently made a bold move by eliminating income tax.