1. Travel related to managing your property. Don’t forget to track of your miles you log on trips to inspect your property and perform maintenance.
2. Membership dues for Airbnb related groups and subscriptions.
3. Short term rental insurance and/short term rental insurance.
4. Direct expenses that can be fully allocated to your Airbnb (cleaning, maintenance, Airbnb fees, utilities, Netflix, pest control, lawn maintenance, mosquito treatment, and security monitoring).
5. Depreciation of your home. Remember you can only depreciate the cost of your home (not land) over 27.5 years.
6. Marketing costs (website hosting, website design, business cards, logo design, etc).
8. Third parties used to manage your Airbnb business (think software and services like wheelehouse, yourporter, turnover airbnb, etc).
9. A percentage of your cell phone bill can be expenses depending on how much your use your cell phone for Airbnb related business.
For more information please refer to EY’s annual Airbnb Tax Guide
10. Home office deduction....talk to your tax professional about this one.
11. Termite treatment, pest control, lawn maintenance.
12. Part of your annual Amazon or Costco membership depending on personal use.
13. Business license costs and business liability insurance.
For more guidance on the taxation of Short Term Rental (Airbnb) income please refer to this guide from EY. Also refer to IRS Publication 527: Residential Retail Property.
Information in this post is intended solely for information purposes and no Airbnb Host or other third party may rely upon it as tax or legal advice or use it for any other purpose. As such, Host this Home, Inc assumes no responsibility whatsoever to Airbnb Hosts or other third parties as a result of the use of information contained in this post.
