How AirBnb Hosts Pay No Taxes

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KITCHEN

LIVING ROOM
Couch, side tables and coffee table are from Article

BEDROOM
Sheets: Charisma from Costco
Pillows: Costco

BATHROOM
Bath towels: Costco Charisma is a great set

FILMING EQUIPMENT

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Edited by: AyushRai
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Hello! In your opinion, of my monthly profit after my monthly needs/expenses what is the percentage I should be putting aside for the end of year business taxes?? Please advise!

janetayala
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I’m guessing this applies only to actual houses, not to glamping sites?

li-nickels
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If you just do one rental property, let’s say it’s used as an Air BnB in 2024, you only get to take 60% of the bonus depreciation for that year. Is the other 40% then divided over 27.5 years? In other words, what happens to the depreciation and my tax liability in the following years?

johnkelley
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Keep stealing that money from the hardworking :D

ThatOneTomahawk