KC MO - Revenue Filing

[Janine485]

Hello everyone. I am sure everyone is soooo excited about tax day tomorrow. I am finishing up my STR returns and the annual profit filing. I am curious, does anyone include the property taxes in the annual profit filing under business deductions? I normally include the other taxes (not fed, state or local).

[Maria24451]

One thing we are doing is hiring a professional CPA there are just too many things with owning a rental property.

Best of luck,

Maria 🙂

[Paula]

Thanks for sharing this, @Maria24451. How long have you been hosting with Airbnb? Is this the first time you’ve hired a professional CPA?

Could this be a good option for you, @Janine485?

Keep us posted.

[Janine485]

Hey @Paula . I actually found the answer. I have a CPA for bigger returns 

[Paula]

Thanks for the update, @Janine485 If you think the solution you found could help other hosts as well, please feel free to share it here 😊

Regards, and thanks again for sharing.

[Maria24451]

Hi @Paula ,

We've been hosting since last August. 

Maria 

[Janine485]

@Maria24451 We have a CPA for our business and personal returns. Business retuens are due 3/15. The  Kansas city has owners file returns for STR as well as a profit return which  I can handle. They arent difficult and a CPA normally doesn't want to handle small returns that take 15 minutes. They will also charge too much. I actually researched and found my answer  yesterday.   Thanks.