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Sep. 27—The rules for short-term rentals are looking at a drastic change—increasing the minimum number of days that a property can be rented without a special permit to 180 from 30—and runs ...
The Federal Trade Commission announced a final rule banning ticketing and short-term rental companies from including hidden junk fees in their total price on Tuesday.
In other words, the loss is treated as a short-term capital loss even if it was originally a long-term capital loss. Section 1231 does not reclassify property as a capital asset. Instead, it allows the taxpayer to treat net gains on 1231 property as capital gains, but to treat net losses on such property as ordinary losses.
Residents from Lake Norman complain about renters having parties and leaving trash in the area.
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
Critics of a New York City law say it acts as a "de facto ban" on short-term rentals. Leaders say the rules are needed amid a housing shortage. New short-term rental rules might make booking ...
How short-term vacation rentals use a decades-old internet law to dodge safety concerns. Samantha Delouya, CNN. December 24, 2024 at 5:00 AM.
Although it is not used in the Internal Revenue Code, the term "boot" is commonly used in discussing the tax implications of a 1031 exchange. Boot is an old English term meaning "something given in addition to." "Boot received" is the money or fair market value of "other property" received by the taxpayer in an exchange.