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10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals

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By TurboTax When you offer your home as a short-term rental through services like Airbnb, HomeAway, and VRBO, there are ways you can keep your income taxes to a minimum. 1. Learn about the 14-day ruleTax laws are full of exceptions, but the 14-day rule—sometimes called the “Masters exception” because of its popularity in Georgia during the annual Masters golf tournament—is the most important for anyone considering renting out a vacation home. Under this rule, you don’t pay tax on income you earn from the short-term rental, as long as you: TurboTax Premier is designed for all levels of investin…

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