Talk of The Villages Florida - View Single Post - Airbnb, good or bad?
View Single Post
 
Old 08-29-2018, 07:14 AM
photo1902 photo1902 is offline
Sage
Join Date: Nov 2014
Posts: 3,214
Thanks: 1,607
Thanked 1,746 Times in 707 Posts
Default

Quote:
Originally Posted by retiredguy123 View Post
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.
From the posts I've read here, most complaints about an Airbnb type setup are the resulting short term renters, not so much if there is a violation for running a business out of your home. Business or not, I see no difference in an Airbnb or one of the many rental companies here, the results of which result in short term renters.