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Airbnb and taxes
Posted on 1/5/19 at 4:48 pm
Posted on 1/5/19 at 4:48 pm
Airbnb in MS shows up on my end as remitting taxes on my behalf (the host). This I assume is sales tax only. If this is correct, what kind of tax am I supposed to pay on my earnings (about $12k this year) - capital gains, income, etc.?
Furthermore, is this the same kind of tax that is supposed to be paid as if someone had a roommate and the owner of the house charged rent to them?
Just want to make sure I am understanding all these taxes...
Furthermore, is this the same kind of tax that is supposed to be paid as if someone had a roommate and the owner of the house charged rent to them?
Just want to make sure I am understanding all these taxes...
Posted on 1/5/19 at 5:05 pm to rpg37
Talk to an accountant if you don’t understand your situation.
Posted on 1/5/19 at 5:54 pm to rpg37
Airbnb tax remittance Mississippi
This post was edited on 1/5/19 at 5:55 pm
Posted on 1/5/19 at 11:05 pm to rpg37
quote:
I supposed to pay on my earnings (about $12k this year)
What area are you doing this in if you don't mind me asking?
We are looking to do an air bnb in the Bay St. Louis area.
Posted on 1/7/19 at 3:43 pm to rpg37
It's likely to be rental income, but there are also likely to be deduction you can take against that income.
You need to talk with a CPA.
You need to talk with a CPA.
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