CW 911 - FBF - The Potential Perils of Using Your Buy and Hold Properties As Short Term Rentals
b"Today's Flash Back Friday comes from Episode 563, from September 2015.
If you are using your buy and hold properties as short term rentals, through a company like AirBnB,\\xa0 you may be required to pay an additional 15.3% self employment tax. Although it may seem like a gray area to you, the IRS considers it an active business and will take note of which schedule you are filing. Short term rentals require more of your labor and your time which rarely gets accounted for when calculating costs."