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1. Another way to raise $28K is to move into a smaller apartment. 2. That $28K was almost certainly not legally reported to the IRS as income. Does anyone foun
by lurker14 15y ago
1. Another way to raise $28K is to move into a smaller apartment.
2. That $28K was almost certainly not legally reported to the IRS as income. Does anyone found a startup these days without breaking the law?
- LogicX 15y agoAs another entrepreneur who subsidizes his income by renting out a room using AirBNB - I can assure you that AirBNB reports this to the IRS, and provides me with the appropriate form at the end of the year. I happen to own my home, and so moving to a smaller place isn't achieved with a snap of the fingers. The ability to rent out to the tune of $10k+/yr greatly helps offset the mortgage for over half the year!
- guynamedloren 15y agoNot really sure what compelled you to comment here.. but why the negativity? Yeah, there are a ton of ways to raise $28k. This article is about how she did it. Of course she could have moved into a smaller apartment. Or she could have lived almost free with family/friends. Or she could have saved all her money and lived on the street. /facetiousness The takeaway is that she had a goal and she made use of her resources to accomplish that goal. Regarding your second statement - that's just ignorant.
- angry-hacker 15y agoHow come are you so sure about the income was not reported to IRS? Anyway, this is just a story to inspire people, the way you can fund your start-up in an alternative way.
- ChrisNorstrom 15y agoDo you have a resentment towards women? Is it because she accomplished something that you didn't?
- asmithmd1 15y agoI have never used AirBnB but I would be very surprised if they would send someone $28k without also reporting it on a 1099. I learned that the IRS does keep track of those.
- rexreed 15y agoDoesn't AirBnB and/or PayPal report all payments to the IRS via 1099? I think so.