Quote:
Originally Posted by photo1902
Although I agree about letting strangers share my home, I fail to see how AirBnB is any different than renting a home here in The Villages, wether its a short or long term rental. I know several people who own homes who never intend to live here. How is that not a "business"?
|
There is a difference between a business and an investment. If you own a home and rent it out fulltime, the IRS will allow you to claim it as investment rental property, which gives you certain tax benefits, such as long term capital gain rates. They treat this as an investment, not a business. So, if the IRS would treat a BNB operation as a business, then it may be possible for The Villages to prohibit owners from operating BNBs here, but still allow investment property.