CPA with experience in air bnb property host.
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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#4 Short-Term & Vacation Rental Discussions Contributor
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It's not rocket science maynge. Just use a regular tax accountant.
Haha alright I didn’t know if anything special with that or not.
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Nope .....regular ole CPA. Schedule E. Almost exactly like a LTR....
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.
Kevin smoot is pretty good. He specializes in this type of stuff. I’m currently starting to work with him.