Airbnb taxes

Level 1
148 Views

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

Tags (1)
6 Replies

Re: Airbnb taxes

in
England, United Kingdom
Level 10

@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.

Re: Airbnb taxes

in
NY, NY
Level 10

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.

Re: Airbnb taxes

in
Orono, ME
Level 10

@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

 

 

 

 

Re: Airbnb taxes

in
Swannanoa, NC
Level 10

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

 

 

Re: Airbnb taxes

in
Ringgold, GA
Level 1

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

Re: Airbnb taxes

in
Orono, ME
Level 10

@Jason1759 

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

Join the conversation