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Started By
Message
Looking for advice from accountants with lots of STR experience.
Posted on 6/10/23 at 8:07 pm
Posted on 6/10/23 at 8:07 pm
I'm not even sure of the questions I have to ask.
Just started in April and the business is kicking butt, so I am trying to stay ahead of this irt tax prep and such.
Just started in April and the business is kicking butt, so I am trying to stay ahead of this irt tax prep and such.
2
Posted on 6/10/23 at 8:18 pm to oneg8rh8r
I'm not an accountant but you need to make sure yours understands cost segregation reporting.
Posted on 6/10/23 at 11:25 pm to oneg8rh8r
STR?
Posted on 6/11/23 at 12:06 am to LSUFanHouston
Short Term Rental, my home is being utilized via Air BNB and VRBO currently.
It was done as a test to see if there was a market and how successful it would be......Started in mid April. We have already hosted 12 sets of guest and have about 14 more reservations already at anywhere from $450-850 / night for 3 - 7 nights per reservation.
We have done a great job of keeping business and personal finances separate.
It was done as a test to see if there was a market and how successful it would be......Started in mid April. We have already hosted 12 sets of guest and have about 14 more reservations already at anywhere from $450-850 / night for 3 - 7 nights per reservation.
We have done a great job of keeping business and personal finances separate.
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