How to save on vacation rental income taxes?

You can deduct all “ordinary and necessary” expenses to operate your rental businesses. Like the "BnB" in Airbnb or VRBO, think of your rental as a bed-and-breakfast. If you buy new furniture for your guests, repaint the guestroom or put a bottle of wine on the table for incoming guests, you can deduct these expenses from your rental income.

By keeping clear records and recording all money you spend on the business, you won't have to go back through credit card statements for proof for the IRS.