04-25-2016, 06:44 PM
Airbnb, one of the main advertising sites for vacation rentals here in Puna, is no longer sending the feds a 1099 unless you have over 200 reservations a year. One would need a few rentals and only use Airbnb site to meet that new criteria.
Vacation rental owners send in 13.4% of total charges including cleaning fees either monthly, quarterly or twice a year to the state tax office. Now it's up to the owners to report their earning with no one else keeping track, this should be interesting.
Vacation rental owners send in 13.4% of total charges including cleaning fees either monthly, quarterly or twice a year to the state tax office. Now it's up to the owners to report their earning with no one else keeping track, this should be interesting.