paypal

[Dean703]

Setting up my Airbnb account. Need info as to a PayPal account.  

Do I need a business account or regular account?

[Brian2036 · Accepted solution]

@Dean703 

I believe that a personal account will work but you might want to have a dedicated personal account for tax purposes.

It would be helpful in simplifying your accounting.

It’s also a good idea to have a credit card that you use only for business. You will get an itemized yearly statement that can go right into your tax calculations.

[Lorna170]

If you plan to host for one or more properties over several years a second account and separate credit card is a good idea, whether personal or business.  As my properties have tax IDs and I report to several different agencies, I chose a business account.