Quarterly taxes

[Stacey180]

I recently started Airbnb, April 2019, I live in Anchorage Alaska. Do I have to do quarterly taxes? Also when would I start paying them? 

[Susan151]

@Stacey180 . The short answer is maybe. You will need to determine if you are filing a Schedule C or E. You will need to estimate how much you will make via AirBNB and then ensure that you are paying enough quarterly to cover at least 80% of your tax bill. This is not the place to go into all the ins and outs of the tax code, especially given the changes made in the past year. I would download the IRS documents and the forms and learn as much as you can. If you aren't a tax/numbers person, you might want to consult with a tax preparation professional.

[Stacey180]

Yes I plan to go to a tax professional this week, I definitely need the help!