Filing taxes for your vacation rental business can be confusing and overwhelming if you’ve never done it before. Still, we have good news: There are very likely a few areas where you can get money back, thanks to tax-deductible vacation rental expenses. In this slideshow, we’ll go over the basics of what a tax-deductible expense is and what the requirements are.

1. 10 Tax-Deductible
Vacation Rental
Expenses

2. What Is a Tax-Deductible Expense?
● According to the Corporate
Finance Institute, “any
expense that is considered
‘ordinary, necessary, and
reasonable’ and that helps a
business to generate income”
● Deducted from the
company’s income before
taxation
● Some are totally deducted
● Others are only partially
deducted

3. Requirements
● You must rent out your
vacation rental at least 14
days per year
● You must stay at your
vacation rental for personal
use for 14 days or less per
year
● Keep track of all your
expenses; you’ll need proof
to take advantage of tax
deductions

4. 1. Cleaning, Maintenance, and Repairs
● Rental property cleaning
services
● Maintenance or repair of any
part of the vacation rental,
indoor or outdoor

5. 2. Transportation and Travel Expenses
● Transportation expenses
associated with traveling to
manage and maintain the
property
● Airfare, mileage, meals,
accommodations
● Travel expenses associated
with vacation rental
conventions and seminars

6. 3. Vacation Rental Insurance
● Liability insurance
● Natural disaster insurance
● Any other vacation rental
insurance policies

7. 4. Utilities and Taxes
● Electricity
● Water
● Internet
● Gas
● Cable
● Trash removal
● State and local taxes

8. 5. Homeowner Association Fees
● Pool maintenance fees
● Landscaping fees
● Snow removal fees
● Annual dues

9. 6. Property Management Fees
● Marketing
● Guest services
● Booking
● Property maintenance

10. 7. Marketing and Advertising
● Commissions from listing
sites
● Any other marketing and
advertising costs

11. 8. Accounting Fees
● Costs associated with
accountants and tax
professionals

12. 9. Vacation Rental Supplies, Furniture, and
Appliances
● Furniture
● Appliances
● Amenities
● Maintenance of amenities

13. 10. Depreciation
● Paper loss
● Applicable once your vacation
rental is ready to be rented
out

14. Thanks for watching!
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