Tax Preparation for Orlando Airbnb & VRBO Hosts
Careful, documented tax preparation for the short-term rental market. We track your income, expenses, and depreciation, and document your participation in the property.
How Your Short-Term Rental Is Taxed Depends on Your Facts
Orlando is a major vacation rental market, and how a short-term rental is reported depends on your average guest stay, how involved you are in running the property, and the records you keep.
Under the "7-day or less" average stay rule, your rental may not be treated as a rental activity, and losses may be deductible against other income if you materially participate — subject to limits that depend on your income and hours. We help you document what you did so your return holds up.
The GTQ Rental Advantage
- 7-Day Rule Analysis
- Depreciation Reporting
- Florida TPP Tax Filing
- 1099-K Reconciliation
Short-Term Rental Services
Comprehensive tax compliance and strategy for the vacation rental industry.
Schedule E vs. Schedule C Analysis
We determine the correct reporting method for your rental. Most hosts belong on Schedule E, but "substantial services" can trigger self-employment tax on Schedule C.
The 7-Day Rule Analysis
If your average stay is 7 days or less, your rental may not be treated as a "rental activity" under certain IRS rules. Whether losses can offset other income then depends on your material participation, and limits can still apply. We document your facts.
Depreciation Reporting
We report depreciation on the building and furnishings from your closing statement and improvement records, and explain what a cost segregation study would involve if it fits your property.
Florida TPP Tax Compliance
Orange County expects a timely TPP return when you first claim the $25,000 exemption for your rental's furniture and equipment, and filing requirements afterward depend on your taxable value. We track the dates and requirements so nothing lapses.
1099-K Reconciliation
Airbnb and VRBO issue 1099-K forms that often include gross amounts before fees and taxes. We reconcile these to ensure you only pay tax on your net payout.
Local & Tourist Development Taxes
We provide guidance on the intersection of federal income tax and your obligations for local tourist development (bed) taxes in Orange and Osceola counties.
Upload Your Documents
Snap photos of your 1099s, W-2s, and other documents. Upload through our secure mobile-first portal.
We Prepare Your Return
Our team reviews your documents, finds deductions, and prepares your return with thorough accuracy checks.
Review & E-File
Review your completed return with us, then we e-file and provide digital copies for your records.
Common Questions for Orlando Hosts
Understanding the intersection of Florida property and federal income tax.
Do I report my Airbnb income on Schedule C or Schedule E?
Most short-term rentals are reported on Schedule E as passive income. However, if you provide "substantial services" (like daily cleaning or breakfast), the IRS may require reporting on Schedule C, which triggers self-employment tax. We help you stay compliant while minimizing tax exposure.
What is the "7-Day Rule" for short-term rentals?
If the average rental period is 7 days or less, the activity is generally not treated as a "rental activity" under IRC Section 469. If you materially participate, you may be able to deduct rental losses against other income (like a W-2 salary) — but this depends on your participation, and other limits (including the excess business loss rules) can still apply. We document your average stay length and your hours of participation to see what applies to you.
Can I deduct my SunPass and travel to my rental property?
Mileage and tolls for traveling to maintain, manage, or check on your rental property may be deductible, if you keep records of the trips and the business purpose.
What is the Florida Tangible Personal Property (TPP) tax?
Florida taxes the furniture and equipment used in rental businesses. In Orange County, a timely TPP return is generally required when you first claim the $25,000 exemption, and later filing obligations depend on your taxable value — we track the requirements and dates for our rental clients.
How do I handle the 1099-K I received from Airbnb?
The 1099-K shows the gross amount the guest paid, including Airbnb fees and cleaning fees. You do not pay tax on the full amount. We reconcile the 1099-K against your actual bank deposits and deductible fees to ensure your reported income is accurate.
Get Your Rental Return Done Right
Get started with a secure intake so we can review your rental records and see what rules apply to your property.