Real Estate

Short Term Rentals

Explore tax advantages unique to short-term rentals.

About this strategy

Short-term rental properties can be subject to different passive-activity rules than traditional long-term rentals depending on factors such as the average customer stay and services provided. In some circumstances, an owner who materially participates may be able to treat losses as nonpassive without qualifying as a real estate professional. Depreciation, operating expenses, and other rental deductions can also play an important role in the overall strategy.

Implementation resources

Slides, templates, and supporting videos.

Implementation Checklist - Short Term Rentals

Use this checklist to evaluate your rental activity, participation, expenses, and records for potential tax treatment.

Slides

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Rental Business Expense Tracker

Use this tracker to organize and categorize expenses related to your short-term rental and maintain the records needed to support eligible business deductions.

Excel

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Strategy Overview - Short Term Rentals

Learn how short-term rentals are taxed and when their tax treatment may differ from traditional rental properties.

PDF

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