Hi Raji93, Congratulations on starting your hosting journey! Tax obligations can vary significantly depending on your location, so to provide you with the best advice, could you please let us know where your property is located? Additionally, it would be helpful to know if you’re renting out your entire home or just a part of it, and if you’re using any specific platforms (like Airbnb) to manage your bookings. With this information, I and other hosts can guide you more accurately on how to handle your tax responsibilities.