Hello! I'm a new host in Otsego County, NY. For tax purposes, I've been told I need to give 4% to the county and 8% to NY State. However, i've seen some listings in this area where AirBnB incorporates this into the rate. How do I set this up so the taxes are automatically taken out? Come tax time, do I need to do anything additional if AirBnB pays those taxes through my income with each rental? Thank you!
@Emiel1 Thank you!! This is helpful! We are in the process of renovating our AirBnb as we just purchased it, so we don't have it listed yet. I am just trying to get all my ducks in a row before listing. 🙂