Airbnb taxes

Airbnb taxes

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

6 Replies 6
Mike-And-Jane0
Level 10
England, United Kingdom

@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.

Ann72
Level 10
New York, NY

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.

Emilia42
Level 10
Orono, ME

@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

 

 

 

 

Lorna170
Level 10
Swannanoa, NC

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

 

 

Jason1759
Level 1
Ringgold, GA

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

@Jason1759 

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