STR Tax Service
Accurate, on‑time tax filings for short‑term rentals
We prepare and e‑file returns for STR owners—optimizing deductions, handling depreciation, multi‑state filings, and clean tie‑outs to your booking payouts.
What’s Included
- Form 1040 + Schedule E for STRs
- Depreciation schedules & fixed asset tracking
- One state included (additional states available)
Why Hhung CPA
- STR‑focused tax prep & review by a CPA
- Clear documentation checklist & portal
- Guidance on elections & safe harbors
Multi‑Property & Entities
- Multiple Schedules E & consolidated summaries
- LLC/Partnership (1065) or S‑Corp (1120‑S) filings
- K‑1s prepared & delivered
Straightforward, STR‑ready pricing
Two simple options. Add‑ons available for extra states, properties, and business entities.
STR 1040 Filing
From $295
Form 1040 + Schedule C/E for one property
- One state included • e‑file + confirmation
- Depreciation & expense review
- CPA Review
Entity Filing (LLC/Partnership/S‑Corp)
From $495
1065 or 1120‑S + K‑1s for owners
- Up to 2 members included
- E‑file + K‑1 delivery
- CPA Review
Common add‑ons: additional state ($95) • additional property ($95 each) • extra K‑1s ($75 each) • prior‑year amendments (quote).
FAQs
Do you handle multi‑state filings for STRs?
Yes. If your Airbnb or short-term rental activity requires filing in multiple states, we’ll prepare non-resident state returns as needed. Additional states are added at a flat fee so you know costs upfront.
How do you handle depreciation for STR properties?
We maintain detailed fixed asset schedules, allocate building vs. land, and calculate depreciation using IRS Form 4562. We handle placed-in-service mid-year assets, bonus depreciation, and Section 179 elections where appropriate to maximize deductions.
My STR is in an LLC. Do I need a separate return?
It depends on the setup. Single-member LLCs are generally reported on your 1040 with a Schedule E. Multi-member LLCs file a partnership return (Form 1065) and issue K-1s. We’ll confirm your entity type and prepare the correct returns for you.
Can you coordinate with my property manager or bookkeeper?
Absolutely. We align your books, Airbnb/Vrbo payout reports, and bookkeeping records with year-end tax forms so the return ties out cleanly. This makes it easier for you and your property management team.
Can you help with S-Corp elections or tax planning for STR owners?
Yes. If your short-term rental or real estate business is profitable, we’ll review whether electing S-Corp status could save you on self-employment taxes. We prepare and file Form 2553 when appropriate and advise you on salary vs. distributions to keep you compliant.
Do you offer bookkeeping support for STR owners?
Definitely. We can manage monthly bookkeeping in QuickBooks or other STR software (like OwnerRez, Lodgify, or Guesty). Clean, reconciled books mean smoother tax prep and better insight into your rental performance.
Get started
Tell us about your STR properties and filing needs, and we’ll reply with next steps.