Does Airbnb send the IRS any info when less then $20,000 is earned?

Agnes201
Level 1
Caguas, Puerto Rico

Does Airbnb send the IRS any info when less then $20,000 is earned?

I am retired.  I receive Social Zecurity and. Ow are in Airbnb.  Do I have to pay taxes with a little 

 

revenue I will receive from hosting?

 

1 Reply 1
Raf3
Level 2
San Francisco, CA

It really depends on how many nights you host. If  you use the dwelling unit as a home and rent it for less than 15 Days then you don't have to report income, but you can't benefit from the deductions either. If you are paying tax elsewhere, those deductions can actually reduce your overall taxes depending on your situation. I write about AirBnb taxes on my blog here http://www.gatortaxprep.com/what-about-airbnb-taxes/