-Ran an airbnb in our basement from Dec. '21 to June '22-In July '22 a drunk driver in an F350 crashed into our home, causing massive damage (~$150k worth)-All home repairs and renovations were covered by homeowner's insurance, and we were compensated for lost Airbnb revenue also-We didn't move back into the home, electing to move into an apartment in October and listing our entire home as an Airbnb now that it is fully repaired and measures have been taken to ensure an accident like this doesn't happen againWhat I'm trying to figure out is, with all this money coming and going through USAA, my homeowner's insurance, what implications does this have on my own tax filings, as well as my Airbnb tax filings?

My why: I need to ensure that my wife and future children do not go through the same financial hardships that my family when through when I was a kid.

Having management set up from the beginning would ensure I don’t get bogged down by a small number of properties.

The IRS has specific rules and requirements for what expenses can be deducted, and it's up to you to ensure that the expenses you are claiming are eligible.It's always a good idea to consult with a tax professional or refer to IRS guidelines to determine what expenses you can claim on your tax return.

You’ll need to ensure your home and any other dwellings on the property are up to code.

Please read the following to ensure we are on the same page and the process goes smoothly.I have you scheduled to move out no later than 11:59PM on [DATE].

To ensure you do not get into trouble with real estate boards in your area, ensure you are using the right terms when you are talking to sellers and buyers.

Hello Aditya,You would most likely have to confirm with the local housing authority to ensure what is "wear and tear" but generally in most states the landlord is responsible for wear and tear replacement. 

What is the next step i should take to try and ensure the now tenants will be out by the terms in the lease agreement they signed?

I would verify the presence and operation of smoke and CO detectors, ensure there are no apparent safety hazards in the home, and make a plan to non-renew the leases when they come up for renewal.