@Nancy1894 If AirBnB is collecting and remitting occupancy or sales and use taxes for your location, those agencies will be listed on the tax page of your listing.
1. Know which agencies are owed taxes for your property location.
2. Find out if you need to file for a separate tax ID or register your business using your SSN with the various tax agencies for your property location.
3. Contact each agency and ask if they require a "no-tax due" filing from you if your taxes are being paid by AirBnB. Failing to know/do this has caused some hosts to receive tax penalty letters from their tax authorities reaching back years.
4. AirBnB will not provide an agency by agency percentage breakdown on the website. You will need to verify that they are collecting for every agency that is due taxes in your location. The agency most often without a contract with AirBnB is your local town.
5. Understand that AirBnB WILL NOT provide you with any record showing that the taxes were paid to the various agencies. You have to take this on faith.
Your due diligence is required in knowing what taxes are due, how to report them yourself, how to report that AirBnB is paying them, and what local laws govern having a rental property. AirBnB is not going to do this for you as they simply advertise and collect payments for your property.
I highly recommend that anyone who is going into the rental business even if they are sharing a single room in their home with occasional guests should have the advice of a tax accountant and possibly a lawyer familiar with real estate law.
