One of the biggest mistakes an Airbnb makes is they don’t report the income at all. You have to report that right amount of gross income for your small business, no matter what your expenses are. In addition some people don’t know which expenses to write off which is why we offer a tax organizer. When clients have specific questions about the write-offs, we are happy to go through the organizer with them and answer any questions regarding what can and can’t be written off.
Schedule a free consultation with our NYC tax accountants to get help with the specific tax issues with your Airbnb.