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Accounting & Business Advisors | Certified Public Accountants

Tax Tip #13, Home-Sharing

Published Tuesday, December 10, 2019 8:30 am

Looking to make some extra cash by renting out an unused room or vacation home on a home-sharing site?

Reporting the income may not be as easy as you think.  The rules vary depending on factors like the average rental period, services provided to your guest, and your personal use of the space.

If you’re currently renting a space, or considering doing so, we would love to share more details with you. Please Contact Amanda Fricton at 770-287-7800 or africton@rushtonandcompany.com. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!

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