Tax proposal implications
Throwing a quick hit and run post out there because I️ want to keep it open ended. If you’ve read @Brandon Hall post on the House’s tax proposal his first “Biggest Loser” category sights short term rental income as possibly being exposed to self-employment taxes. Am I️ right? What are the details? What am I️ missing? What could this mean to VRs and short term rentals?
Looking forward to what I️ anticipate to be many responses. This could be big.
Jeff