AIRBNB- How does being a “host” impact your income taxes?

How does renting a room in your house or an entire apartment impact your income taxes?  It is important to keep good accounting records in order to minimize your taxes at the end of the year, While on vacation this year I decided to try Airbnb. Airbnb is a company that provides the platform for individuals (hosts) to rent rooms in their home or entire apartments mainly to travelers. Airbnb rates are typically lower than most hotels. The most intriguing aspect to me was the opportunity to interact with the locals which in my opinion adds to a traveler’s most authentic traveling experience. Of course, the accountant in me surfaced… Read More

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