tax accountant for unincorporated business franchise tax for DC
Can anyone recommend a tax accountant that is versed in unincorporated business franchise tax for DC. Are other Airbnb hosts filing their taxes as an unincorporated business franchise?
Not sure you need an accountant for this....simply file under schedule C, Sole Proprietor.
very simple except perhaps figuring out if and how much you want to to claim in depreciation.
I have an unincorporated retail store (30 years) and the Airbnb. I have other rental property that goes under the Scedule for rents and royalties which you could probably use also but as there is no state tax id associated with those, I stick to sole propretor.
Hi Jane, I'm interested in whether you learned more about this! I'm registered as a sole proprietor for Airbnb, but I too am wondering if I should file as an unincorporated business franchise.
I'm curious about this and what you all have learned. This will be my first season filing having been a host and am looking to not reinvent the wheel. Also looking for accountant recommendations in DC. Thank you!
We are engaged in property rental....I just declare income on the tax schedule for rentals with all the associated expenses and deprectiaton, insurance cleaning....etc.