Rental Property & Airbnb Taxes in Nebraska

(Lincoln & Omaha CPA for Landlords)

By Ben Vanness, CPA (ben@benvannesscpa.com)

If you own rental property in Nebraska, whether it's a long-term rental, a duplex, or an Airbnb, your tax return may be more complicated than most.

Depreciation, expenses, multi-property tracking, and short-term rental rules can mean the difference between owing thousands and keeping more of your cash flow.

I help Nebraska landlords and real estate investors file accurate, tax-optimized returns so you stay compliant and maximize your deductions.

Who Needs Rental Income on Their Tax Return

This article is for:

Long-term rental owners
Airbnb and short-term rental hosts
Duplex and small-multi-family owners
Out-of-state owners of Nebraska property
First-time landlords
Investors with multiple properties

If your rental income goes on Schedule E of the tax return, this page is for you.

Why Rental Property Taxes Are Different

Rental income is not taxed like regular income.

You must properly account for:

Depreciation
Repairs vs. improvements
Mortgage interest
Property taxes
Insurance
HOA fees
Management fees
Travel and mileage
Home office
Short-term rental classification

One small mistake can:

Trigger IRS letters
Delay refunds
Or cause you to overpay thousands

Nebraska Rental Property Tax Issues

Things Nebraska Landlords Must Consider

Nebraska income tax
Local occupancy taxes for short-term rentals
Multi-state filing if you live elsewhere
Depreciation recapture planning
Passive activity loss rules

These issues are often mishandled by tax software and non-specialist preparers.

Airbnb & Short-Term Rental Owners

If you host on:

Airbnb
Vrbo
Furnished Finder
Or any short-term rental platform

You may be subject to:

Income tax
Self-employment tax
Sales and lodging taxes

I help determine:

Whether your rental qualifies as a business
How your income should be reported
What expenses you can deduct
And how to stay compliant with Nebraska rules

Tip: even a basic excel spreadsheet can be used to track expenses accurately

What I Do for Nebraska Landlords

When I prepare your return, I:

Classify each property correctly
Choose the right depreciation schedule for you
Separate repairs from improvements
Claim every legal deduction
File all required federal and Nebraska forms
Ensure your rental activity is audit-ready

All done securely and 100% online.

I'm based in Lincoln, Nebraska, and work with landlords across the state.

Common Situations I Handle

First-year rental properties
Multiple rental homes
Airbnb side income
Mixed personal and rental use
Rental losses
Property sales and 1031 exchanges
Out-of-state owners of Nebraska rentals

How the Tax Preparation Process Works

You fill out a short online form here
You will receive an email to upload your documents securely and pay
I review everything personally
I prepare and file your return
You get a clear explanation and support

I work 100% remotely, but I'm based right here in Lincoln, Nebraska, so you get both convenience and local expertise.

Get Your Rental Property Taxes Done Right

If you own rental property in Nebraska, your tax return deserves specialized attention.

Start here to schedule your tax preparation or submit your info. Or send me an email at ben@benvannesscpa.com.