Tax rules related to STR

[Claudio Golia]

Hi all, 

I was curious about the tax implications related to a STR? I understand there are a variety of scenarios that may apply depending on how often you use the property, your income, etc. I read through what's available by the IRS, but can anyone share some real world experience related to this? I'm trying to wrap my head around the things I need to be aware of, before I step into the STR world.

I plan to speak with a tax specialist or attorney, but I thought I would start here and see what the forums had to say.

Appreciate any feedback you might be able to provide. 

Thank you, 

Claudio