Airbnb taxes

[Mark4063]

I have heard that my Airbnb income is not taxable income if my guests stay 14 days or less. Is this true?

[Mike-And-Jane0]

@Mark4063 Well it would be taxable in the UK (although rent a room schemes allow £7500(?) of tax free income per year). I very much doubt the IRS are even that generous.

[Ann72]

Every state in the US has different occupancy taxes @Mark4063 so your accountant will need to look into it.  However, I would assume that if you have 25 guests in a year who each stay 13 days, the income from their stays will be subject to tax.

[Emilia42]

@Mark4063 The income is not taxable if you rent your home for 14 days or less PER TAX YEAR.

https://www.irs.gov/taxtopics/tc415

[Lorna170]

@Mark4063   It is NOT the number of days/nights per guest.  It is the cumulative number of days rented over your fiscal year.

[Jason1759]

Are we supposed to get a 1099-K?  I haven't received one and do not see one in my account page.

[Emilia42]

@Jason1759 

1099s will come to all hosts who make above $600 in the 2022 tax year.