Instructor for this course

The growth of the sharing economy has made it possible to effortlessly rent primary and secondary residences using on-line platforms, such as Airbnb (air mattress B&B) and Vrbo (Vacation Rental by Owner). These rentals include home-stays, in which only one room is rented, or short-term rentals of vacation homes, condominiums, cabins, campers, mobile homes, boats, or similar dwelling units.

The basic tax rules for reporting income and deducting related rental expenses are governed by Code Section 280A which requires an allocation of expenses between rental and personal use. With proper tax planning the taxpayer may be able to reduce net rental income to $0 or possibly have a net rental loss to offset other income.

This course discusses tax planning strategies to maximize the tax benefit of home stays and short-term rentals.

Course Key Concepts: Airbnb, Vrbo, Code Sec. 280A, Home stays, Short term rentals, Bolton rule, Pooling Arrangements, Gain on sale of personal residence.

Learning Objectives

  • Explore and understand the basic tax rules of Code Sec. 280A related to short-term rentals.
  • Identify and examine the expense allocation controversy related to interest and real estate tax deductions.
  • Identify key planning strategies for maximizing both personal usage and tax benefits.
  • Explore and understand the tax implications and planning possibilities of various pooling arrangements.
  • Explore and understand the tax implications and planning possibilities on the sale of a personal residence used as a short-term rental property.
Last updated/reviewed: June 26, 2021

6 Reviews (27 ratings)Reviews

Member's Profile
Timely and thorough, i had to take the exam multiple times as the wording on the exclusion sale of home years is tremendously confusing, or my 40years of CPAing has been wasted. if you used a date converted, that would have been clearer.....
Member's Profile
I watched this from a personal interest perspective and believe it provided a good base to think about investment properties. The exam was tough since it was my first introduction to this type of material.
Anonymous Author
Goes very in depth and provides good real world examples. Good intro to the concept, as I had no real world experience in this in the past.
Anonymous Author
A nice run through of the different scenarios you may encounter and how to plan from a tax standpoint.
Member's Profile
Simple and effective tax planning strategies outlined with examples and supported by court rulings.
Member's Profile
This is a very comprehensive course for tax planning strategies for short-term rental properties.


Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  6:47Introduction to Tax Planning Strategies for Short-Term Rental Properties
  9:06Sec 280A: Basics Tax Rules for Short Term Rental Properties
  16:18The Expense Allocation Controversy
  13:32The Expense Allocation Controversy-Examples
  13:35Tax Planning Strategies
  9:23Pooling Arrangements
  5:37Sale of Personal Residence Used as short-term Rental
  1:16:59Tax Planning Strategies for Short-term Rental Properties
  PDFSlides: Tax Planning Strategies for Short-term Rental Properties
  PDFTax Planning Strategies for Short-term Rental Properties Glossary/ Index