Short-Term & Vacation Rental Discussions

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CPA with experience in air bnb property host.

Posted Jan 26 2022, 15:57

Hi there, I am in the southeast Idaho area and bought a duplex last year that I live in one and air bnb the other. I have been trying to find a cpa that is more familiar with air bnb for my taxes, I have that and I am also a w2 employee. Thank you for any advice or suggestions ahead of time. 

Cheers, chad 

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Paul Sandhu
  • Investor
  • The worst town to live in, KS
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Paul Sandhu
  • Investor
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Replied Jan 26 2022, 16:23

It's not rocket science maynge.  Just use a regular tax accountant.

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Replied Jan 26 2022, 16:25

Haha alright I didn’t know if anything special with that or not. 

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Bruce Woodruff#2 All Forums Contributor
  • Contractor
  • Arizona
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Bruce Woodruff#2 All Forums Contributor
  • Contractor
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Replied Jan 26 2022, 17:12

Nope .....regular ole CPA. Schedule E. Almost exactly like a LTR....

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Daniel Hyman
  • CPA
  • Milwaukee, WI
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Daniel Hyman
  • CPA
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Replied Jan 26 2022, 17:22

I spoke to an investor today whose "regular ole CPA" completely botched the STR on the 2020 tax return. True, its not rocket science, but there is an art and a science to the compliance and strategy.

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Replied Jan 26 2022, 20:28

Kevin smoot is pretty good. He specializes in this type of stuff. I’m currently starting to work with him.