How does taxes work for Airbnb?

[DNE-Dream-Luxury0]

I started doing Airbnb in March and I live in Maryland, but the rental property is in Texas. For taxes, do I file in Maryland, Texas, or both? And when people file their Airbnb taxes, do they usually end up owing or getting money back?

[Joan2709]

@DNE-Dream-Luxury0 

Best to talk to an accountant regarding your questions; especially one familiar with STRs and what deductions are acceptable on your taxes to reduce your taxable income.

[DNE-Dream-Luxury0]

Thank you . I’ll start reaching out to them now . 

[Joan2709]

@DNE-Dream-Luxury0 

Airbnb has a tax guide for Hosts but make it very clear you need to contact a tax accountant and not rely soley on the guide they provide as a reference source. It's a good overview and you can share it with your accountant:

Deloitte Tax Guide

https://assets.airbnb.com/help/1624964_AirBnB_User_Guide_v8.pdf#_gl=1*1bha9nf*_gcl_au*MTMwMTQ5NzIzNi...

US Tax Resources

https://www.airbnb.com/help/article/1213