Understanding How Airbnb Income is Taxed
This is a very helpful video explaining how Airbnb income might be taxed. Everyone’s situation is different and Airbnb income is different than rental income many are familiar with from residential investment properties. I am not giving tax advice. Please seek your own tax counsel if you have questions about how rentals or Airbnb’s are taxed. You might even want to reach out to Toby Mathis who produced this video.
In the video he discusses using cost segregation to increase your depreciation and lower your income tax liablity. I can help you with that. I represent Cost Segregation Services, Inc. and work with building owners and investors all across the country to help them with accelerated depreciation / bonus depreciation that helps them increase their cash flow and lower their income tax.
About The Author
John Murphy
Husband of 36 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 18-34 and 6 grandchildren. My main work is helping commercial building owners and real estate investors save money on their income taxes by doing cost segregation. I work all over the U.S. but have a lot of clients here in SC and in the southeast in particular. The firm I represent is CSSI, LLC. I love the work! I’ve also been a licensed REALTOR since 2003 and broker since 2007 but my work is limited to just a few clients each year. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either CSSI, LLC or eXp Realty LLC or any other company, organization or group that I might be affiliated with.