The process of compiling income and expenses related to short-term rental activities for accurate tax filing, often involving specific forms and deductions.
Reporting requirements for short-term rental platforms like Airbnb and VRBO to tax authorities, providing information about earnings and property details for tax purposes.
A metric used to measure the potential profitability of a short-term rental property, often calculated as the annual rental income divided by the property value.
The total income generated from short-term rental bookings, calculated by multiplying the nightly rate by the number of booked nights, before deducting expenses.