Rental Property and Airbnb Taxes: Free Tools and Guides
Free guides and calculators for landlords and Airbnb hosts in Connecticut and North Carolina: day counts, depreciation, cash flow vs. taxable income, and occupancy taxes.
Start here
Not sure which rules apply? Short stays (Airbnb, Vrbo) and long-term leases are taxed differently. Start with the guide that matches how you rent, then run the numbers.
Short-term vs. long-term rentals at a glance
| Short-term (average stay 7 days or less) | Long-term lease | |
|---|---|---|
| Usual tax form | Schedule E (Schedule C with hotel-style services) | Schedule E |
| Self-employment tax | Only on Schedule C | No |
| $25,000 loss allowance | Doesn't apply; material participation matters | Available if you actively participate (phases out $100,000 to $150,000 MAGI) |
| Occupancy or sales tax | CT: 15% room occupancy tax. NC: state and local sales tax plus local occupancy tax | Generally none for leases of 90 days or more |
| Building depreciation | 27.5 years if residential | 27.5 years residential, 39 years commercial |
More free tools: All calculators · Free tax guides · For individuals and families
Frequently asked questions
Are these rental tax tools free?
Yes. The calculators and guides are free and need no signup. They give estimates for education, not tax advice.
Do you cover North Carolina rentals?
Yes. The guides cover Connecticut and North Carolina rules, including occupancy and sales taxes around Wilmington and Leland, and state depreciation add-backs.
Which tool should I start with?
If you host short stays, start with the day count checker. If you have a long-term tenant, start with the rental property tax guide. Then use the depreciation and cash flow calculators.
Sources (Checked November 2026)
- IRS Publication 527 (2025), Residential Rental Property (Including Rental of Vacation Homes)
- IRS Publication 925 (2025), Passive Activity and At-Risk Rules
- IRS Publication 946 (2025), How To Depreciate Property, incl. What's New for 2026 and Appendix A tables
- CT DRS: Room Occupancy Tax information (rates, OP-210, registration)
- NCDOR: Rentals of Accommodations (sales tax)
Free education only. Not tax, legal or investment advice, and not a promise of any result. Tax rules change, so confirm with the IRS (irs.gov), the CT Department of Revenue Services (portal.ct.gov/drs), the NC Department of Revenue (ncdor.gov) or your town or county before you act, and ask your tax preparer about your own situation.
Have a rental and want it handled right at tax time?
Or call (475) 242-7941. Services are priced by quote.
Enhance Finance LLC · Andrew Nocera, Tax Preparer & Small-Business Finance Consultant. Based in Connecticut and working with North Carolina clients remotely.
Not tax, legal or investment advice. Figures are estimates for education. Checked November 2026.