Question related to Airbnb Occupancy taxes - These are netted off the payout and don't show up in the Airbnb earnings figure. As such, they essentially don't show up anywhere in my P&L right now. Am I supposed to add these taxes to revenue and then deduct the same amount as an expense? I can't imagine that every Airbnb owner is manually doing this entry for their bookkeeping though. Seems like more headache for a net $0 change to income! Please share your thoughts on how this is supposed to be recorded.
Hello everyone! I am going down the path of doing a small business acquisition and I am looking for financing options that are not SBA loans in the $2M-10M range. If you know of any lenders who lend in this space, I would love a referral! Thank you in advance!
Hello, I am a US resident and have a regular W2 job. To qualify for the STR loophole, can my STR be in any country around the world? Or does the STR have to be in the USA? Any other considerations I should be aware of?
@Ana Klein, CPA Thank you for confirming! I was thinking about investing in Canada and taking the bonus depreciation against my US taxes. I won't be doing that now!
Hello, happy new year everyone! I'm looking to set up a Wyoming LLC and a Florida land trust. Does anyone have recommendations on good attorney's that can help me set these up and act as the registered agent?
Hello, my husband and I currently live in New York and I am wondering how to change my tax residency to Florida to reduce my taxes. We are renters in New York and both work remotely. We have a property in Florida which we use as an STR. What's the minimum amount of time we need to spend in Florida in order for Florida to be considered our primary state of residence for tax purposes?