RENTING YOUR VACATION HOME

bicycles on the beachWe’ve used the website “VRBO” (vacation rentals by owner) to rent a house instead of the typical hotel room. If you’ve got a home to rent to others, the website HotSpotTax.com takes some of the tax complications out. We didn’t like the one we rented, but maybe you have something better.

The website claims to offer the only automated web-based tax filing for people who rent their homes through VRBO, Air BnB, HomeAway, Flipkey and others. You log into the site once a month to report how much rent you received, and the system fills out the forms, files the returns, registers the property and makes the tax payments. It costs you between eight and 12 dollars a month. It also tracks tax rate changes in each state.

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